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By Simon RECHER, Counsel Investment Funds Dounia BELKADI, Associate Investment Funds, Dentons
Crypto-assets and tokenised instruments have moved from niche experimentation to an established segment of the alternative investment universe, attracting both institutional investors and private investors. With frameworks such as the Markets in Crypto-Assets Regulation (“MiCA”) and the Distributed Ledger Technology Pilot Regime (“DLT Pilot Regime”) entering into force, Luxembourg, as a leading European fund hub, stands at the forefront of this shift.
This development requires digital finance operations to be transposed into traditional fund documentation which must now address concepts such as e-money issuance, digital wallets, DLT-based...
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