KM3NeT aims to build a cubic-kilometer scale neutrino telescope in the Mediterranean Sea based on a 3D array of photomultiplier tubes. A dedicated ASIC, named SCOTT, has been developed for the readout electronics of the PMTs: it uses up to 16 adjustable thresholds to digitize the signals with the multi-time-over-threshold technique. Digital outputs of discriminators feed a circular sampling memory and a “first in first out” digital memory for derandomization. At the end of the data processing, the ASIC produces a digital waveform sampled at 800MHz. A specific study was carried out to process PMT data and has showed that five specifically chosen thresholds are suited to reach the required timing precision. A dedicated method based on the duration of the signal over a given threshold allows an equivalent timing precision at any charge. A charge estimator using the information from the thresholds allows a charge determination within less than 20% up to 60pe.