Carey Olsen, Kroll and IQ-EQ support Gyld Finance in securing Jersey consent to issue tokenised bonds

Carey Olsen advised Gyld on the legal and regulatory aspects of its application to the Jersey Financial Services Commission, with IQ-EQ providing regulatory, compliance and operational support and Kroll Agency and Trustee Service acting as Security Agent for the platform.

Gyld is developing a fixed-income tokenisation platform designed to support a range of debt instruments, starting with US dollar-denominated corporate bonds. For the first time, Gyld combines tokenisation with programmatic trading infrastructure to connect institutional investors, asset managers and decentralised finance protocols with liquidity in traditional markets. Tokens are backed one-for-one by underlying bonds held in regulated custody.

The Carey Olsen team was led by partner Chris Griffin, assisted by regulatory specialist Sophie Hancock and associate Tshogofatso Dhlamini.

Chris Griffin commented: “Gyld’s decision to domicile its platform in Jersey is testament to the Island’s robust and credible regime for real-world asset tokenisation.”

Abbas Ali, co-founder of Gyld, said: “Jersey’s clear regulatory framework and depth of financial services expertise have been instrumental in reaching this milestone. Carey Olsen’s legal guidance, IQ-EQ’s regulatory and operational support, and the JFSC’s constructive and responsive engagement have helped us move efficiently towards launch.”

Suzanne Howe, director at IQ-EQ, commented: “Bringing corporate bonds onchain requires strong governance, compliance and operational foundations alongside the technology. We are pleased to support Gyld in establishing those foundations in Jersey and advancing a platform designed to connect established financial assets with new investment and financing opportunities.”

Paul Britton, Director at Kroll Agency & Trustee Services, said: “We are pleased to be working alongside Carey Olsen and IQ-EQ on Gyld’s innovative tokenised bond issuance programme. Our role as Security Agent is to hold, safeguard and manage the security package, providing a robust framework that supports the integrity of the structure.”