Advising 1Money Bermuda Ltd. on its successful application for a Class F digital assets business license

We're delighted to have acted as Bermuda legal counsel to 1Money Co., which is backed by prominent financial institutions, venture capital firms and other strategic investors, and its wholly owned subsidiary 1Money Bermuda Ltd. with respect to its successful application for a Class F license under Bermuda's Digital Assets Business Act, 2018. 

1Money Bermuda operates a global stablecoin platform from Bermuda, offering a full range of orchestration layer services across multiple blockchains, including on the forthcoming 1Money Network, a pioneering Layer 1 protocol purpose-built for stablecoins and RWAs, which aims to deliver a superior, faster and cost-efficient payments and settlement experience and drive mainstream adoption of digital assets.

Natalie Neto, partner in our Bermuda office, stated "We have thoroughly enjoyed working with the highly experienced and dynamic 1Money team on this successful application, and we are very excited to see this innovative and transformative business establish itself in Bermuda under the supervision of the Bermuda Monetary Authority".

Our team comprised partners Natalie Neto, Rachel Nightingale (Fintech) and Leonie Tear (Risk & Regulatory), together with associates Aariyen Murray and Amelia Oatley.