A Digital Asset Foundation is a new legal vehicle, pioneered here in the Isle of Man.
Overview
A Data Asset Foundation (DAF) is a proposed new type (subcategory) of Isle of Man foundation designed to hold and utilise data assets within a trusted statutory and governance framework.
The Isle of Man’s proposed Data Asset Foundation regime is intended to transform data from an under-governed business resource into an asset that can be dedicated, accredited, registered and utilised within a legally supported structure.
The regime builds upon the Isle of Man’s existing foundations legislation by introducing a dedicated framework for data stewardship services, legal certainty as to the status of data as an asset, and enabling data to be held, managed and transacted in a trusted environment.
In practical terms, a Digital Asset Foundation can facilitate:
-
- Secure, compliant stewardship of sensitive digital asset holdings
- Governance and registry of data ownership, provenance, quality, and usage rights
- Frameworks for licensing, sharing, monetisation, and use as capital or collateral
- Alignment with global standards and legal frameworks
Downloads
 |
 |
What is a Data Asset Foundation?
An Isle of Man foundation is a distinct legal entity with separate legal personality. It combines characteristics of both companies and trusts and is often described as a hybrid of the two.
A Data Asset Foundation (DAF) is a sub-category of foundation introduced by the Foundations (Amendment) Bill 2025, creating a statutory framework specifically for data assets.
Under the Bill, “data” is broadly defined as any digital representation of acts, facts or information (including compilations and recordings).
What is a “Data Asset”
under the proposed legislation?
Under the proposed framework, a “data asset” is not simply any dataset.
The Bill defines a “data asset” (in respect of a data asset foundation) as data which has been:
-
- Dedicated to a Data Asset Foundation
- Made the subject of a Data Asset Dedication Instrument
- Registered as a data asset on the Data Asset Register
- Described as a fully registered data asset on the register
This is important because the Bill is designed to create legal certainty through a structured registration and assurance regime.
Key benefits of a
Data Asset Foundation
A Data Asset Foundation regime is intended to support a more trusted data economy by enabling data assets to be:
-
- Held and managed within a recognised legal entity
- Governed under minimum stewardship standards
- Verified through accreditation and assurance processes
- Registered under a statutory Data Asset Register framework
- Utilised in furtherance of the DAF’s objects (including commercial use)
How can Manavia help?
Manavia Limited is a licensed trust and corporate service provider based in the Isle of Man.
We support clients seeking to establish and operate Data Asset Foundations, including:
DAF formation and administration support
We assist with structuring, establishment and ongoing governance support.
Data Enforcer services
Manavia can act as the Data Enforcer, providing the specialist oversight function contemplated by the regime, supporting governance integrity and trusted operation.
A complete service with MannBenham Advocates
Manavia forms part of MannBenham Advocates, providing clients access to expert lawyers for a complete service including drafting, specialist advice and documentation support.
Note: The Data Asset Foundation regime is subject to legislation, regulations and the Data Governance Framework as implemented and in force from time to time. Manavia can advise on current requirements and assist with structuring and ongoing support.
|
|
Have questions or need guidance?
Reach out to our friendly team today and let's discuss how we can support your vision.
Email: info@manavia.im
Phone Number: +44 (0)1624 639350
Address: 10-12 Victoria Street, Douglas, Isle of Man, IM1 2LH
Manavia Limited is a company registered in the Isle of Man with Company number 88712C and is licensed by the Isle of Man Financial Services Authority to provide Corporate and Trust Services.
© 2025 Manavia Limited | Privacy Notice | Cookie Notice | Legal Notice