Enhancements To The DIFC's Crypto Token Regime

The Dubai Financial Services Authority (the DFSA) recently announced some notable amendments to its Crypto Token regime. These changes arise from the proposals in Consultation Paper 153 – Updates to the Crypto Token regime which was published in January 2024. Implementing these changes will help the Crypto Token regime which was initially launched in 2022 to remain current with international standards which have continued to evolve significantly.

The main changes are as follows:

Funds

• The ability to offer Units of External and Foreign Funds investing in recognised Crypto Tokens – the Fund must invest in Recognised Crypto Token/s and the investment cannot exceed 20% of the Fund GAV