Australia Digital Asset License

Activities

An Australia Digital Asset License, issued by the Australian Securities and Investments Commission (ASIC), allows companies to engage in various digital asset-related services. Licensed entities can:

Operate digital asset exchanges, facilitating the buying, selling, and trading of digital assets and tokens.

Offer custodial services for digital assets, ensuring the secure storage of clients’ digital assets.

Provide advisory services related to digital assets, including investment strategies and market analysis.

Offer wallet services for digital asset storage and transfers.

Conduct Initial Coin Offerings (ICOs) or Security Token Offerings (STOs) under certain regulatory frameworks.

Facilitate peer-to-peer (P2P) digital asset trading.

Requirements

To obtain a Digital Asset License from ASIC, companies must comply with strict regulatory requirements, including:

Minimum Capital Requirement
Demonstrate sufficient capital to cover the operational risks associated with offering digital asset services.

Business Plan
Submit a detailed business plan outlining the digital asset services, target market, security measures, and compliance strategies.

Fit and Proper Test
Directors and key personnel must meet ASIC’s standards for integrity, competence, and experience in managing digital asset-related activities.

AML/CTF Compliance
Ensure compliance with Australia’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations by implementing strong Know Your Customer (KYC) procedures and reporting frameworks.

Cybersecurity and Data Protection
Implement robust cybersecurity measures to safeguard client funds and data, along with secure systems for managing digital assets.

Regulatory Reporting & Audits
Provide regular reports to ASIC and undergo periodic audits to ensure ongoing compliance with legal requirements.

Insurance
Maintain adequate insurance coverage to protect against potential losses or cyberattacks in the digital asset space.

Contact Us Today

Transform Your Vision into Reality

Partner with FP Technology to launch your very own fintech or financial services company with ease, efficiency, and speed. Our solutions empower you to compete in the global fintech and financial markets with minimal setup time and maximum efficiency.

Make an Inquire Now