Blockchain-focused platform KULA has received VASP and Global Business Licences from the Financial Services Commission of Mauritius, marking it as the first licensed token issuance platform in the region.
VASP License and Background Information
On July 15, 2025, KULA announced its receipt of a Virtual Asset Service Provider (VASP) licence for digital token issuance and a Global Business Licence from the FSC of Mauritius. These approvals position KULA as the first token issuance platform regulated in the jurisdiction and one of the first globally to achieve licensing where both the token and its promoters are subject to regulatory oversight.
Founders' Perspectives on KULA and OSMS
Chris Turner, Co-Founder and Group Director of KULA, remarked: "This is a landmark moment for us. Four years ago, we set out to build a platform that treats governance as a first principle." Steven Flynn, Founder and Director of OSMS, added: "KULA’s licences reflect years of careful planning and a genuine commitment. This sets a global precedent in Mauritius."
Future of KULA and Its Industry Implications
With the VASP licence in place, KULA can operate across jurisdictions, onboard institutional and community investors, and launch governance-based tokens tied to real-world investments. This milestone brings KULA closer to fulfilling its broader mission of enabling governance-led capital flows that align investors, communities, and ecosystems.
The acquisition of the VASP and Global Business Licences marks a significant step in KULA’s development, affirming its leadership and commitment to compliance in the rapidly evolving blockchain sector.
