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Malta – MFSA publishes its Position Paper on Tokenisation of Fund Units

By June 13, 2025August 13th, 2025No Comments

📰 Today, the MFSA published its Position Paper on the Tokenisation of Fund Units 📄 Read the paper

The paper outlines the MFSA’s approach to allowing fund units—including UCITS, AIFs, PIFs, and Notified Funds—to be issued in tokenised form on DLT infrastructure, while maintaining full regulatory oversight and investor protection.

Key highlights:

  • Tokenised units are permitted across licensed and notified fund structures.
  • Both native and non-native token models are acceptable.
  • Governance, competence, custody, and disclosure requirements are clearly outlined.
  • MiFID II rules continue to apply for tokenised instruments.

Malta continues to lead in embracing innovation in financial services, offering a clear and practical framework for digital asset adoption within regulated fund structures. This is a positive and timely step forward for the industry.

If you’re considering launching a tokenised fund or exploring the opportunities this creates, reach out to us at Fexserv Fund Services on queries@fexservfunds.com — we’re here to support you.