Klevo Engages Top Digital Assets Lawyers to Build Compliant Stablecoin Framework

Klevo engages leading digital assets law firm to establish KLVAUD stablecoin framework

Klevo Rewards (ASX: KLV) has announced that its wholly owned subsidiary, Fly Wallet Pty Ltd, has engaged Australian full-service law firm Hamilton Locke to establish the Klevo KLVAUD Stablecoin Legal Framework. The engagement covers regulatory treatment of digital assets, stablecoins and financial services, positioning the company for compliant stablecoin launch in Australia.

Fly Wallet has appointed Hamilton Locke to assist with navigating the regulatory treatment for digital assets and stablecoins, a proactive move ahead of launching the KLV stablecoin. The engagement positions Klevo for compliant product launch within Australia’s evolving digital assets regulatory environment.

The legal framework development represents foundational work for the company’s stablecoin strategy. Klevo operates white-labelled MasterCard powered loyalty technology and is expanding into digital assets through Fly Wallet.

For investors, the engagement of specialist regulatory counsel de-risks the stablecoin launch timeline. Proactive compliance positioning signals a mature go-to-market approach rather than reactive regulatory management.

What is a stablecoin and why does regulatory clarity matter?

Stablecoins are digital currencies pegged to fiat currency such as the Australian dollar to maintain stable value. This contrasts with volatile cryptocurrencies like Bitcoin, which can experience significant price fluctuations.

Australia’s regulatory environment for digital assets remains evolving, with legislative frameworks still taking shape. Companies launching stablecoin products require robust legal structures to navigate financial services regulation, anti-money laundering requirements, and digital asset-specific compliance obligations.

The engagement of Hamilton Locke signals Klevo is building compliance infrastructure from the outset rather than retrofitting regulatory frameworks post-launch. This approach reduces execution risk for the KLV stablecoin and positions the company ahead of potential legislative changes.

Hamilton Locke brings specialist digital assets credentials

The Hamilton Locke team is led by Jaime Lumsden, a leading expert in financial services law, particularly as it relates to digital assets. Her credentials include:

• Band 2 Ranked Lawyer in the Chambers Fintech Guide
• Band 4 in the Asia Pacific Guide for Financial Services Regulation
• Testified at the Senate Economics Legislation Committee’s enquiry into digital assets legislation
• Authored Hamilton Locke submissions and contributed to industry submissions
• Leads team working with digital assets exchanges, token issuers, crypto lending platforms and crypto investment platforms

Jaime Lumsden, Hamilton Locke

“It is always great to work with sophisticated and inquisitive clients like Fly Wallet looking to maximise innovation in Australia and engage proactively in ensuring their offerings are not only compliant but solving real world issues.”

The engagement of counsel with direct Senate committee testimony experience provides Klevo with insight into legislative direction and regulatory expectations.

Klevo’s stablecoin launch roadmap takes shape

The Hamilton Locke engagement represents a preparatory step for launching the KLV stablecoin, though specific launch dates have not been disclosed. Fly Wallet, as Klevo’s wholly owned subsidiary, is executing the stablecoin strategy as part of the company’s broader expansion from rewards and loyalty technology into digital assets.

Klevo’s core business provides customised subscription-based reward and loyalty marketplaces for corporates and consumers. The company’s existing solutions include white-labelled MasterCard powered loyalty technology, rewards, customer experience platforms and digital marketing services.

The stablecoin initiative extends this technology base into digital assets, with Fly Wallet operating as the dedicated vehicle for development and launch. Legal framework establishment is a foundational milestone suggesting the launch timeline is progressing, though regulatory approval processes and commercialisation dates remain undisclosed.

For investors, the engagement of specialist regulatory counsel indicates Klevo is treating compliance as infrastructure rather than afterthought. This approach reduces regulatory risk but does not guarantee product approval or commercial success.

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