Tokenization & RWA
Asset mapping, token classification, investor eligibility, transfer restrictions and the design of a secondary market that regulators can live with.
UAE · Singapore · Switzerland · UK sandboxDigital asset & cross-border structuring
Most structures fail in the second jurisdiction.
A tokenized fund, an IP holding, a cross-border raise — almost none of them live in one country. They live in two or three, and they break at the seams. New Circle designs those seams: which vehicle sits where, under whose rules, and for which investors.
The three layers
Every serious mandate resolves into three questions, not one. Select a ring to see what sits there.
Select a ring
Our mandate
We design the structure. We never sit inside it.
This is the clearest thing we can tell you, so we lead with it. New Circle is an advisory and structuring practice. Clients own their vehicles, their assets and their filings — we are not a party to any of them.
What we do
- Jurisdiction selection and structuring memos
- Issuer, fund and SPV architecture — designed, not operated
- Coordination with licensed local counsel in each market
- Investor-readiness: documentation, eligibility logic, transfer controls
- Ongoing structural review as the business enters new markets
What we do not do
- Issue, mint or distribute tokens or securities
- Operate an issuance, trading or settlement platform
- Custody client assets, funds or keys
- Raise capital, place offerings or introduce investors
- Provide legal, tax, audit or regulated financial services
Practice scope
Five mandates, one discipline.
Different clients, same underlying question: where does each layer of this business belong, and what does that choice cost you later.
Tokenized funds
Fund domicile, share-class and governance design, and the distribution layer that decides which investors you can actually accept.
Cayman · UAE · SingaporeAI & IP holding
Where the intellectual property sits, who owns it, how it is licensed to the operating company, and whether the structure survives a funding round.
Delaware · Cyprus · Singapore · UKFamily office structuring
Governance, succession, cross-border investment access and the SPV or fund wrappers that keep private holdings clean across generations.
Switzerland · Singapore · UAE · CaymanCross-border holding
Group architecture with real substance: intra-group flows, IP placement and a shape that reads well in diligence and at exit.
Selected per asset and exit pathNot sure which of these you are?
Most clients arrive describing a product and leave with a structure. The first conversation is about the asset and the investor — the entity comes last.
Start there →How we work
Three phases, in order.
No structure is proposed before the asset and the investor base are settled. That order is not negotiable — reversing it is how expensive structures get built for the wrong audience.
Phase 01 — Diagnose
What is actually being sold, and to whom
Asset type, investor base, distribution reach, appetite for regulatory friction. Ends with a shortlist of viable jurisdictions and the trade-offs of each.
Phase 02 — Structure
The entity and jurisdiction stack
Vehicle design across each layer, coordination with licensed local counsel, and the governing documents and policies the structure runs on.
Phase 03 — Operate
Keeping it defensible
Governance, disclosures, record-keeping and structural review as new markets, investors or asset classes come into scope.
Where we start
We open where the risk is lowest, not where the noise is loudest.
Tokenization gets the attention. It is not where a new practice should earn its first references. Our sequence is deliberate and we are open about it.
Open now
AI, IP & cross-border holding
Lowest regulatory exposure, fastest path from first call to a structure that works. This is where we take mandates today.
Next
RWA & tokenized funds advisory
Opened deliberately, on a selective basis, once the advisory-only boundary is proven in practice rather than asserted on a page.
Later
Family office & private structuring
Relationship-led work that should follow a track record, not precede one. We would rather be early to the conversation than early to the mandate.
Contact
Bring the asset and the investor. We'll bring the map.
The first conversation is diagnostic and costs nothing: what you are building, who is meant to hold it, and which jurisdictions are genuinely open to that combination. If a structure isn't warranted yet, we will tell you that.