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United States securities and exchange commission logo





                                 September 11, 2023

       Roger James Hamilton
       Chief Executive Officer
       Genius Group Ltd
       8 Amoy Street, #01-01
       Singapore 049950

                                                        Re: Genius Group Ltd
                                                            Registration
Statement on Form F-1
                                                            Filed August 9,
2023
                                                            File No. 333-273841

       Dear Roger James Hamilton:

              We have limited our review of your registration statement to
those issues we have
       addressed in our comments. In some of our comments, we may ask you to
provide us with
       information so we may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form F-1 filed August 9, 2023

       Risk Factors
       U.S. investors are currently permitted to trade (buy, sell or deposit)
Upstream listed securities
       only via intermediate US brokers, page S-42

   1.                                                   Please disclose clearly
and prominently, including in the heading to this risk factor, that
                                                        the default status for
the ability of investors located in the U.S. to trade (i.e., buy, sell and
                                                        deposit) securities on
the Upstream market is that trading by such U.S-based investors is
                                                        prohibited. In this
regard, we note your statements, including your disclosure on page S-
                                                        46, suggesting that
your introducing broker agreement with Boustead Securities, a U.S.-
                                                        licensed broker-dealer,
could enable U.S. citizens or permanent residents to trade on
                                                        Upstream by having
Boustead Securities, as your agent, introduce such investors to MERJ
                                                        prior to their trading.
 Roger James Hamilton
FirstName LastNameRoger   James Hamilton
Genius Group Ltd
Comapany 11,
September NameGenius
              2023     Group Ltd
September
Page 2    11, 2023 Page 2
FirstName LastName
We are dual listed on NYSE American and Upstream and there may sometimes be
share price
differences between the two exchanges, page S-42

2.       Please expand your discussion of the risks resulting from price
discrepancies between the
         trading prices of common shares on the NYSE American and the tokenized
shares on
         Upstream, whether resulting from different liquidity in the markets or
otherwise, and
         disclose the risks this presents to investors. In addition, please
eliminate redundancy in
         your risk factors section and group together similar types of risks in
appropriately
         captioned sub-sections. For example, we note your risk factor here, as
well as a risk factor
         titled "There are risks inherent to being on multiple exchanges" on
page S-46, plus a third
         risk factor with the same title as the risk factor here (i.e., "We are
dual listed on NYSE
         American and Upstream and there may sometimes be share price
differences between the
         two exchanges") on page S-49. Refer to Item 105 of Regulation S-K.
Traders on Upstream can face low liquidity of common stock and price volatility
that may
impact their trading economics, page S-47

3.       Please revise your risk factor here to provide narrative disclosure
discussing the specific
         risk identified in the risk factor title. Refer to Item 105 of
Regulation S-K.
Upstream's KYC policies and procedures may fail to reject securities buy orders
for direct U.S.
person., page S-48

4.       Please disclose in greater detail the KYC policies and procedures of
Upstream. Please
         disclose and clarify the extent to which such KYC policies and
procedures involve self-
         certification or IP address monitoring. Please provide risk factor
disclosure discussing the
         risks to the company should the Upstream KYC review personnel
misidentify a U.S.
         person as a non-U.S. person and permit them to trade in the company's
securities.
         Specifically, we note the trading restrictions placed on persons
domiciled in the U.S. or a
         U.S. person living overseas.
General

5.       Based on the information you have provided, it appears that Upstream
and its affiliated
         entities, including MERJ Exchange Ltd. and MERJ Depository
(collectively, the
            Upstream Entities   ), are providing access to the Upstream
platform directly to U.S.
         persons for the purposes of trading and custodying securities. By
engaging in this activity,
         we believe that one or more of the Upstream Entities may be required
to register with the
         Commission as a broker-dealer, national securities exchange, and/or
clearing agency.

         On page S-46, you note that    [b]eginning in June 2023, MERJ entered
into an introducing
         broker agreement with Boustead Securities whereby Boustead Securities
acts as an agent
         to introduce their customers to MERJ in compliance with the exempt
[sic] from
         registration under 15Aa-6 [sic].    Rule 15a-6 under the Exchange Act
provides certain
         exemptions from broker-dealer registration for foreign broker-dealers,
subject to various
 Roger James Hamilton
FirstName LastNameRoger   James Hamilton
Genius Group Ltd
Comapany 11,
September NameGenius
              2023     Group Ltd
September
Page 3    11, 2023 Page 3
FirstName LastName
         conditions. However, based on the information you have provided, we do
not believe that
         any of the exemptions in this rule would be available to the Upstream
Entities. In addition,
         we note that Rule 15a-6 does not provide any exemptions from
registration as a national
         securities exchange or clearing agency.

         As a result, please revise your disclosures to state that, because
Upstream Entities are not
         registered with the Commission, they may not currently be permitted to
provide access to
         the Upstream platform directly to U.S. investors for the purposes of
trading or custodying
         securities, notwithstanding Upstream   s assertions to the contrary.
In addition, please add a
         risk factor related to events that may occur if any Upstream Entity is
required to register
         as a broker-dealer, clearing agency or exchange, including, possible
risks of rescission.
         Please also disclose that an investor purchasing or custodying
securities through Upstream
         may not receive the same investor protections that would apply to
securities purchased or
         custodied through an SEC-registered broker-dealer, clearing agency or
exchange,
         including, in the event of the insolvency of Upstream or one of its
affiliated entities.
6.       Please disclose throughout the prospectus how the tokenized securities
will be held on the
         books and records of the transfer agent (i.e., in the name of MERJ
Depository or in the
         name of the individual shareholders). Please also clarify whether and,
if so, how,
         subsequent resales of the tokenized securities on the Upstream
platform will be reflected
         on the books and records of the transfer agent or if all such
transfers will be records solely
         on the books and records of MERJ Depository. Finally, with regard to
the deposit and
         withdrawal process, we note that these processes can be initiated via
the Upstream app.
         Please disclose how this process can also be facilitated by contacting
the company or its
         transfer agent if, for example, the Upstream app in unavailable, or an
investor no longer
         has access to its smartphone. If this process is similar to a "lost
certificate," please clarify
         how this "lost certificate" process will work in the context of the
tokenized securities, in
         particular if the tokenized securities will be held in the name of the
MERJ Depository on
         the books and records of the transfer agent.
7.       Please disclose the terms and conditions of the tokenized shares and
the process by which
         shareholders exchange their common shares for the tokenized shares,
including the entire
         lifecycle from the initial exchange of common shares for tokenized
shares through the
         exchange back into common shares. In addition, please disclose:
             your analysis as to whether the tokenized equity is the same class
of securities as the
              common shares, a different class of common stock, or a
security-based swap;
             your analysis as to how tokenized shares are the same as the
issued and outstanding
              shares of common stock already registered, as well as how such
shares compare in
              regard to transferability and the role of the transfer agent,
whether on Upstream or
              otherwise; and
             your analysis of the role of MERJ Depository and Registry Limited
and how it
              interacts with the company   s U.S. transfer agent, as well as
how any "tokenized
              equity" is held on Upstream through MERJ Depository and Registry
Limited (e.g.,
              whether through a shareholder's wallet or an omnibus wallet).
 Roger James Hamilton
Genius Group Ltd
September 11, 2023
Page 4

         Finally, if shareholders may elect to hold their shares in
depositories, including book entry
         with TA, CEDE & Co. or MERJ Dep. Please clarify how these securities
would be held if
         not deposited with one of the depositories (e.g., would the company
continue to use paper
         certificated shares?).
8.       Please disclose what information is publicly available about the
trading activity that
         occurs on Upstream and, in particular, what information holders of
common shares would
         have about the trading on Upstream before making a decision to
exchange their common
         shares for tokenized shares.
9.       Please disclose whether you are planning to offer any digital
dividends. Please
         disclose the process for distribution of any such digital dividends,
including whether the
         digital dividends will be limited to those who hold the tokenized
shares. Please
         disclose how you will communicate with shareholders about any digital
dividends relating
         to the tokenized shares (e.g., press release, Form 6-K and, if
required, after effectiveness
         of any registration statement). Please disclose whether U.S. investors
can access
         Upstream to buy, sell or otherwise receive NFTs. Please disclose
whether holders of the
         tokenized shares will receive dividend, voting and other rights
associated with ownership
         of the company's common stock and, if so, please explain how they are
entitled to these
         rights, whether by contract and/or applicable law. Please disclose
whether such holders
         have the right to receive confirmations and other documents required
by law to be
         provided to the holders of the company's common stock. Finally, please
disclose whether
         there are any rights or preferences to which holders of tokenized
shares are not entitled.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       You may contact Kate Beukenkamp at 202-551-3861 or Dietrich King at
202-551-8071 if
you have questions.



FirstName LastNameRoger James Hamilton                         Sincerely,
Comapany NameGenius Group Ltd
                                                               Division of
Corporation Finance
September 11, 2023 Page 4                                      Office of Trade
& Services
FirstName LastName
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