• MAS (Monetary Authority of Singapore) has stated that NFTs representing collectibles, art, or services are not regulated under the Payment Services Act (PSA).
• MAS only intervenes if:
  • NFTs behave like securities or investment products (profit-sharing, dividends, financial returns).
  • NFTs function as payment tokens (used for money transfer).
• Your model (1 NFT = 1 coaching hour + artwork) falls into the collectible/service category, so not regulated.

🏛 Foundation Options in Singapore

1. Company Limited by Guarantee (CLG)

• Non-profit structure (no shareholders, only members).
• Used by DAOs and cultural/impact projects in SG.
• Ideal if you want “Budhihal Base Foundation” optics as a social/impact project.
• Clearer alignment with mission-driven nature (supporting athlete, cultural legacy).

2. Private Limited Company (Pte Ltd)

• Standard corporate structure in Singapore.
• Allows profit distribution, but you can ring-fence mission via constitution.
• Easier for opening bank accounts and dealing with partners.

3. Variable Capital Company (VCC) (less relevant)

• More for funds and investment products.
• Not needed since this isn’t an asset management vehicle.

✅ Pros of Singapore Foundation