Quick Take
- GUN token becomes first gaming digital asset to achieve MiCAR compliance in the European Union
- Dentons advised Gunzilla Games on regulatory approval and whitepaper admission procedures
- Token will trade as a utility asset across authorized EU platforms, beginning with Italy
Gunzilla Games has secured MiCAR approval for its GUN token, making it the first gaming-focused digital asset to achieve compliance under the European Union’s new Markets in Crypto-Assets Regulation. The approval enables legal trading across authorized exchanges in Italy and the wider European market.
The framework defines GUN as a utility token rather than a security, clearing regulatory uncertainty for integration within the Gunz ecosystem. The token powers in-game items, upgrades, and progression within Off The Grid and future Gunz projects.
Dentons, one of the largest international law firms, advised parent company Poseidon 133 PTE. LTD throughout the process. The firm provided legal support on whitepaper drafting, admission procedures, and regulator engagement, underscoring the credibility of the filing.
MiCAR is considered the most comprehensive regulatory regime for digital assets to date, introducing unified rules across the EU’s 450 million-person market. GUN’s approval positions it as a precedent-setting case for future gaming tokens pursuing listings in Europe.
Following this milestone, Gunzilla confirmed that its mainnet will be accessible across the EU, with migration beginning in September.
