Labuan credit token licence, filed under our own licence.
Token issuance facilitating cash, goods or services on credit under Labuan FSA. The paid-up capital set under the credit token guidelines, plus a cyber-security framework and contingency arrangements, designed before filing.
Make an enquiryCredit token licence, governance and security combined.
As applicants enter Labuan FSA credit token licensing, the paid-up capital is only the start. The minimum set under the guidelines, maintained unimpaired by losses, sits alongside fit-and-proper vetting of issuers, directors and controllers, a documented cyber-security framework, and contingency arrangements for operational disruption.
QX Trust files credit token applications under our own Labuan FSA licence as the recognised party. We draft the cyber-security framework, AML/CFT manual and contingency plans before the file is opened with the regulator.
Your credit token file, filed directly by the licensed firm.
QX Trust Co. Ltd is a Labuan Managed Trust Company headquartered in Labuan IBFC. We file applications as the recognised party, not through an intermediary. We serve you in English, Chinese and Malay.
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Labuan FSA licensed
LMT0081
Our Labuan licence
EN + ZH + MS
Language desks
Labuan IBFC
Headquartered
What sits in the Labuan credit token file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Project and business plan
Token project documentation, use case, blockchain network design, target users and three-year financial projections.
Paid-up capital evidence
The minimum paid-up capital set under the Guidelines on Credit Token Business, unimpaired by losses, evidenced through audited financial statements. Source-of-funds documentation prepared. Labuan FSA may require additional capital based on risk profile.
Fit-and-proper vetting
Issuer, director, CEO, controller and operational management vetting prepared for Labuan FSA prior-approval.
Cyber-security framework
Token issuance infrastructure, smart-contract audit, key management, incident response and penetration testing protocols documented.
Contingency arrangements
Processes and contingency plans for operational disruption, including business continuity, key rotation and network fallback.
AML/CFT and change reporting
AML/CFT manual aligned to AMLA 2001, KYC for token holders, transaction monitoring, prior-approval mapping for business-plan, token-issuance and shareholding changes, and a 7-day notification framework for listed events.
Four steps from scope to grant.
One channel, one owner, one timeline across the four phases of a Labuan credit token licence application.
Pre-licensing audit
Token project, paid-up capital, cyber-security maturity and contingency design benchmarked against Labuan FSA credit token criteria.
File scope and drafting
Business plan, project documentation, cyber-security framework, AML/CFT manual and fit-and-proper questionnaires drafted.
Submission and dialogue
File submitted under our Labuan FSA licence. We absorb regulator queries and coordinate director-approval steps during the review, on a timeline confirmed by Labuan FSA on a case-by-case basis.
Licence grant and handover
Approval issued by Labuan FSA. We hand over operating documentation, AML reporting calendar and material-change notification protocol.
Capital, governance and security, one file.
Labuan credit token licences pass or fail on three parallel tests. We coordinate all three under a single Labuan-FSA licensed channel, before the file enters review.
- Minimum paid-up capital set under the credit token guidelines, unimpaired by losses, evidenced through audited financial statements.
- Fit-and-proper vetting of issuer, directors, CEO and controllers prepared.
- Cyber-security framework and contingency arrangements documented in writing.
- Filing routed through our Labuan FSA licence, on a timeline confirmed case-by-case.
Frequently asked.
Direct answers on credit token scope, capital, governance, security and reporting.
What is a Labuan credit token licence?
A Labuan credit token is a token issued to customers whereby the issuer, or a third party paid by the issuer, supplies cash, goods or services on credit. The token may be issued digitally or non-digitally. Blockchain networks and real-estate-backed use cases are optional examples, not part of the statutory definition.
What capital does a Labuan credit token issuer need?
A credit token issuer must hold the minimum paid-up capital set under the Labuan FSA Guidelines on Credit Token Business, maintained unimpaired by losses. Labuan FSA may require more based on the issuer's risk profile. We confirm the current figure against the guidelines when we scope your file.
What governance does a Labuan credit token issuer require?
Issuers, directors, CEO, controllers and persons responsible for operations or financial management must be fit and proper. Issuers must demonstrate processes and contingency arrangements in case operations cannot continue.
How long does the Labuan credit token licence take?
Timeline is confirmed by Labuan FSA on a case-by-case basis, subject to further information and supporting documents required during approval. An application fee and an annual licence fee apply, at the rates set in the Labuan FSA fee schedule. We confirm the current fees during scoping.
What cyber-security requirements apply to credit token issuers?
Issuers must establish a cyber-security framework documented for Labuan FSA review. The framework covers token issuance infrastructure, smart-contract auditing, key management and incident response.
What reporting do credit token issuers face?
Changes to the business plan, additional token issuance, 10 percent or more shareholding, director appointments, capital reduction, a new office or a name change require prior approval from Labuan FSA. Matters such as a director resignation, change of office, or significant events affecting the going concern must be notified within 7 days. Ongoing AML/CFT compliance and supervisory reporting also apply.
Scoping a Labuan credit token licence?
Tell us about your token project. We design the cyber-security framework, evidence the paid-up capital, and route the file under our Labuan FSA licence.
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