[Veat’s Startup Legal Walk] Trust and Finance for Virtual Assets

The inclusion of virtual assets derivatives (specifically, those based on digital payment tokens like Bitcoin and Ethereum as underlying assets) in Singapore’s regulatory framework signifies that Singapore’s financial authority views virtual assets not merely as ‘blockchain distributed origin technology byproducts,’ but as one area of finance.

Virtual assets are new and remarkable because they technically implement distributed ledgers with high fidelity, and develop various services that did not previously exist based on the characteristics of distributed ledgers. However, I believe the more remarkable reason is that, thanks to this decentralized electronic ledger, they attract people’s trust and develop as part of a new finance.

Interested in more details? Please check Senior Attorney Veat’s Kim Anil Un’s article on virtual assets and finance!

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Law Firm Veat