Rated excellent on Google
Lawyers for crypto wallets & custodians
Turn regulatory compliance into your competitive edge: licensing, custody structures, security & AML/CTF for wallet & custody businesses.
- Security, cyber resilience & incident-response planning
- Licensing strategy for wallet, custody & stored-value models
- Custody structures & client asset protection
- AML/CTF & registration assessment
FREE · NO OBLIGATION · QUICK REPLY
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Confidential. We never share your details.
Trusted by industry leaders
300+ AFSL holders · excellent on Google
HOW WE DO IT
Turn regulatory compliance into your competitive edge
We navigate the complex licensing, custody & operational expectations for digital wallets, covering authorisations, asset protection, AML/CTF & security.
BY THE NUMBERS
Crypto wallets & custody, by the numbers
SERVICE LINE
Wallets & Custodians
Licensing strategy, custody structures, security frameworks & AML/CTF programs for digital wallet & custody businesses.
Crypto clients advised
VASP registrations secured
INDUSTRIES WE SERVE
Exchanges
Wallets & Custodians
Tokens, DeFi & DAOs
OTC & Liquidity
Brokers
HOW IT WORKS
4-step roadmap for crypto wallets & custodians
We simplify the licensing & compliance process for crypto wallet & custody models, from early structuring through to go-live readiness.
1
Strategic assessment
We analyse your wallet & custody setup and key-management to advise how your model is likely to be treated under Australia’s payments & financial services regimes.
2
Framework design
We design your asset-holding, risk-management & security frameworks so client assets are clearly protected & responsibilities are documented.
3
Application management
We prepare & lodge the relevant licence, registration & supporting materials, & handle regulator questions about your custody procedures & security.
4
Launch & operational readiness
We help implement reconciliation, reporting & governance processes so your custody operations are ready for day-one & ongoing review.
WHAT WE COVER
Specialist licensing & compliance for crypto wallets & custodians
We navigate the licensing, custody & operational expectations for digital wallets: authorisations, asset protection, AML/CTF & security.
Licensing Strategy for Wallets & Stored-Value
We analyse your wallet, custody or stored-value model & outline practical licensing pathways within Australia’s payments & financial services regimes.
Custody Structures & Client Asset Protection
We design custody & asset-holding structures that keep client assets clearly separated from platform funds & support stronger capital protection.
Security, Cyber Resilience & Incident Response
We help document security controls, cyber-resilience measures & incident-response plans so you can demonstrate robust operational safeguards.
AML/CTF & Registration Assessment
We assess how AML/CTF obligations apply to your model, including whether AUSTRAC registration is required, & prepare tailored AML/CTF programs.
Terms, Custody Agreements & Disclosures
We draft Terms of Service, custody agreements & disclosures that clarify asset ownership, liability caps, user rights & risk warnings.
Outsourcing & Third-Party Risk
We prepare outsourcing agreements for sub-custodians & critical tech providers so responsibilities, controls & liability are clearly allocated.
Peter Hagias, Founder
OUR FIRM
Who we are
In a regulated industry, the wrong partner can cost you your licence, your timeline and your sleep. AFSL House was built to be the opposite. Since 2020, founder and senior financial services lawyer Peter Hagias has led a team trusted by financial services businesses of every size. We take the stress and guesswork out of operating in a regulated environment.
We are more than a law firm. Alongside our 100% AFSL application success rate, we help you meet your ongoing regulatory obligations and commercial objectives with a number of complementary services. So whatever you need to launch your business and stay compliant, it is all under one roof.
CLIENT RESULTS
Real mandates, real outcomes
01/07
BTC Markets
Crypto Exchange
The first AFSL ever granted to a crypto exchange in Australia, backed by ongoing fixed-fee legal & compliance support.
THE OUTCOME
1st
AFSL for a crypto exchange in Australia
Retainer
Ongoing fixed-fee legal & compliance
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
Australia’s leading crypto exchange needed legal and compliance expertise to navigate an ever-evolving crypto regulatory landscape, and wanted an AFSL to establish a payments business.
WHAT THEY NEEDED
Specialist legal and compliance expertise to stay ahead of fast-moving crypto regulation, and an AFSL to underpin a new payments business.
HOW WE HELPED
We secured the first AFSL ever granted to a crypto exchange in Australia, including the authorisations to support a payments business, and continue to act as an extension of their team under a fixed-fee retainer, providing dependable legal and compliance support as the landscape evolves.
Fixed fee · No obligation
Damisa
Cross-Border Payments & Crypto Brokerage
AFSL secured to power cross-border payments using stablecoin rails, crypto buy & sell and multi-currency capabilities, giving customers same-day settlement and the ability to settle payments in cryptocurrency.
THE OUTCOME
AFSL
Granted by ASIC
Stablecoins
Cross-border payments, crypto & multi-currency
AFSL APPLICATION · LEGAL · COMPLIANCE & REGULATION
THE SITUATION
A cross-border payment provider moving money in and out of Australia on behalf of customers using stablecoin rails, and wanting customers to be able to buy, sell and hold crypto and multiple currencies on its platform.
WHAT THEY NEEDED
A full-scope AFSL authorising cross-border payment services using stablecoins, the ability for customers to buy and sell crypto, and multi-currency capabilities.
HOW WE HELPED
We guided Damisa through a rigorous ASIC application and secured its AFSL, authorising cross-border payment services, enabling customers to buy and sell crypto, and providing multi-currency capabilities. We also assisted with AML registration as a remitter, ongoing legal and compliance set-up, PDS, FSG, TMD and T&Cs preparation, and support securing local banking and liquidity providers.
Fixed fee · No obligation
Bless Payments
Payments & Remittance
A turn-key path to market, covering the full legal stack, an AFSL and AUSTRAC remittance registration.
THE OUTCOME
Turn-key
Legal, disclosure & licensing build
AFSL + AUSTRAC
Licence & remittance registration
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
A payments and FX business preparing to come to market and needing its entire regulatory and legal foundation built from the ground up.
WHAT THEY NEEDED
Support across every element of operating a payments and FX business, including an AFSL, AUSTRAC registration and the full suite of legal documents.
HOW WE HELPED
We delivered a turn-key solution across their payments and FX business, preparing the legal documents and securing the AFSL and AUSTRAC remittance registration, and we continue to provide ongoing services today.
Fixed fee · No obligation
Curated Capital
Wholesale Property Fund
Licensed to offer wholesale property syndicates, with ongoing legal and compliance support.
THE OUTCOME
AFSL
Granted for wholesale syndicates
Ongoing
Legal & compliance support
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
A wholesale property fund preparing to offer property syndicates to its clients.
WHAT THEY NEEDED
An AFSL and the disclosure documents required to offer wholesale property syndicates, plus ongoing legal and compliance support, including assistance administering each wholesale property syndicate.
HOW WE HELPED
We obtained their AFSL and established the disclosure documents required to offer wholesale property syndicates, and we provide ongoing legal and compliance support, including assistance administering each wholesale property syndicate.
Fixed fee · No obligation
Hello Clever
Fintech & Payments
From an established business to a fully licensed, regulated product offering.
THE OUTCOME
Full-scope
AFSL secured
RMs placed
Responsible Managers sourced
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
An existing business looking to expand its product set into regulated financial offerings for the first time.
WHAT THEY NEEDED
To move through the AML registration phase, uplift its AML/CTF documentation and processes, and obtain a full-scope AFSL with the right Responsible Managers.
HOW WE HELPED
We guided them through AML registration, updated their AML/CTF documentation and processes, sourced Responsible Managers and secured a full-scope AFSL, and now support them with their ongoing legal and compliance requirements on a fixed-fee retainer.
Fixed fee · No obligation
Toss
Global Super-App
Korea’s leading financial SuperApp, now licensed to provide remittance services in Australia.
THE OUTCOME
5 months
To a granted AFSL
End-to-end
Market entry & licensing
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
Korea’s leading financial SuperApp seeking to establish a licensed remittance business in Australia.
WHAT THEY NEEDED
To establish a licensed remittance business in Australia, including a local presence and the licences and registrations required to provide domestic P2P payment services.
HOW WE HELPED
We stood up their Australian operations, covering incorporation, resident director, Responsible Manager, AFSL application and AML remittance registration, and secured the licence in five months. We now provide ongoing legal and compliance support.
Fixed fee · No obligation
Immersve
Crypto Payments
Licensed, supported on an ongoing basis, and progressed toward Mastercard principal membership.
THE OUTCOME
AFSL
Granted & maintained
Mastercard
Principal membership work
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
A global crypto-to-card payments business looking to establish operations in Australia and access card-scheme infrastructure.
WHAT THEY NEEDED
An AFSL, ongoing legal and regulatory support, and assistance securing Mastercard principal membership.
HOW WE HELPED
We obtained their AFSL and assisted them in accessing card-scheme infrastructure, including their Mastercard principal membership, at the outset. We now provide ongoing legal support, helping them navigate and comply with their local legal and regulatory requirements.
Fixed fee · No obligation
Interstellar Capital
Wholesale Property Fund
AFSL secured and disclosure documents built for wholesale property syndicates.
THE OUTCOME
AFSL
Granted for wholesale syndicates
Ongoing
Legal & compliance support
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
A wholesale property fund bringing property syndicates to its investors.
WHAT THEY NEEDED
An AFSL and compliant disclosure documents for wholesale property syndicates, backed by ongoing legal and compliance support.
HOW WE HELPED
We obtained their AFSL and established the disclosure documents required to offer wholesale property syndicates, and we provide ongoing legal and compliance support.
Fixed fee · No obligation
TESTIMONIALS
Rated 5-star by our clients
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
Peter Hagias & team
WHY AFSL HOUSE
Why choose AFSL House for your wallet or custody firm?
We specialise in licensing Australian crypto wallet & custody businesses, translating custody infrastructure into legal structures regulators can work with.
Technical fluency
We translate complex custody infrastructure into clear legal structures, policies & documentation that regulators can work with.
Pre-emptive strategy
We identify custody, key-management & operational risks early & address them before you lodge, reducing back-and-forth with regulators.
Operational reality
We build compliance frameworks that protect client assets while preserving the user experience & operational flexibility your product needs.
AFSL VIDEO SHORTS
AFSL, explained by our lawyers
Quick, plain-English answers to the questions we hear most, straight from the specialists who handle your licence.
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
INSIGHTS LIBRARY
Crypto & digital asset insights
Stay ahead of evolving regulation with free guides, checklists & insights on crypto licensing, written by our specialist AFSL lawyers.
Free 90-seconds Assessment
Not sure where you stand with your AFSL?
Answer a few quick questions and we’ll build you a personalised AFSL action plan, based on the very things ASIC will expect from you. It takes about 90 seconds.
- Takes under 2 minutes
- Tailored to your business type
- No cost, no obligation
FREE DOWNLOADS
Free & practical AFSL guides & checklists
Practical guides, roadmaps and checklists that make getting ready simple, written by the lawyers who do this every day.
MORE IN THIS SECTOR
Explore crypto & digital asset licensing
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
WHY WE DO
Market-leading, comprehensive AFSL services
A comprehensive range of services tailored to financial services companies seeking an Australian Financial Services Licence and ongoing compliance support.
AFSL Applications
A 100% success rate in AFSL applications, helping clients obtain their licence in record time.
ACL Applications
End-to-end Australian Credit Licence applications for lenders, brokers and credit providers, prepared and lodged for you.
Compliance & Regulation
Tailored risk and compliance frameworks to ensure you comply with your AFSL obligations.
Legal Support
Specialised AFSL lawyers providing holistic legal services to AFSL holders & applicants.
AFSL Audits & Investigations
Comprehensive governance audits to avoid enforcement action and assist in ASIC & AUSTRAC investigations.
AFSL for Hire
Be appointed as a Corporate Authorised Representative under our AFSL to start operating quickly.
Marketplace for AFSL
Connecting AFSL holders and applicants with qualified Responsible Managers, with expert sourcing and placement handled for you.
AFSL Responsible Manager Recruitment
Connecting AFSL holders and applicants with qualified Responsible Managers. Expert RM sourcing and placement.
White-Label Services
Enabling legal and consulting firms to offer AFSL expertise under their own brand.
FAQ
Frequently asked questions
Do crypto wallet or custody businesses need a licence in Australia?
It depends on your model. Holding, controlling or safeguarding client crypto assets can engage financial services, payments and AML/CTF obligations. We assess your wallet, custody or stored-value model and advise which authorisations and registrations are likely required.
What is the difference between a custodial and non-custodial wallet for compliance?
How should client assets be protected?
Client assets should be clearly segregated from platform funds, with documented custody structures, key-management controls and reconciliation processes. We design asset-holding structures and the supporting documentation regulators expect to see.
Do wallet and custody firms need to register with AUSTRAC?
Often yes, depending on the activities performed. We assess how AML/CTF obligations apply to your model, including whether AUSTRAC registration is required, and prepare a tailored AML/CTF program.
What security and resilience expectations apply?
Regulators expect documented security controls, cyber-resilience measures and incident-response plans. We help you evidence robust operational safeguards, including key management and third-party/sub-custodian risk controls.