Project Overview
Client Name
Virat Gold Holdings
Industry
Fintech and Real-World Asset (RWA) Tokenization
Services Provided
Tech Legal provided end-to-end legal and regulatory advisory services to the company in relation to its proposed gold tokenisation project within GIFT City (IFSC)
Delivered By
Tech Legal. Blockchain and Digital Asset Legal Consultants.
Background
The Company is a privately held fintech and commodities innovation firm incorporated in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. Established by a team of professionals with experience in bullion trading, financial services, and blockchain-enabled infrastructure, the Company was conceived with the objective of modernising access to traditional real-world assets through regulated digital solutions. Its core focus is on creating secure, transparent, and compliant platforms that allow investors to gain exposure to physical assets without the operational complexities associated with direct ownership.
Our Approach
Tech Legal adopted a regulatory-first, structure-driven approach in delivering services to the Company, recognising that gold tokenisation operates at the intersection of commodities law, financial regulation, foreign exchange controls, and emerging digital asset frameworks. This included:
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Studying legislations under the IFSCA Act, FEMA, and allied laws.
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Advise on legal, custody, distribution, and smart-contract controls.
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Foreign investor onboarding, geo-blocking, KYC/AML frameworks.
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Future scalability, regulatory environment and potential sandbox participation.
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Token issuance agreements and VASP Compliance.
Outcome
The Client obtained clear legal comfort on the permissibility of gold tokenisation within the GIFT City IFSC framework, with a well-defined classification of the token as an asset-backed digital entitlement rather than a crypto asset and a compliant issuance structure designed for covering custody, minting, distribution, redemption, and investor eligibility, fully aligned with IFSCA, FEMA, and AML requirements.
