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SGX guidelines for listed firms eyeing initial coin offerings

Nov 21, 2018 - The Straits Times (Singapore)

Listed companies planning to conduct an initial coin offering (ICO) have a new set of guidelines to follow from the Singapore Exchange.

The move is in response to questions regarding such offerings, noted Mr Tan Boon Gin, chief executive of Singapore Exchange Regulation (SGX RegCo).

"First off the bat, it is important to make clear that even if an SGX-listed company is the issuer of a digital token, those tokens are not listed on SGX," he added in a regular column he pens.