Crypto Insights: Jersey’s Fund Regime

In this Jersey Heard podcast episode, Yiow Chong Tan, our Director – South East Asia, discusses all things crypto with Christopher Griffin, Partner at Carey Olsen.

18 Jun 2024

Yiow Chong TanDirector – South East Asia, Jersey Finance

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Christopher GriffinPartner, Carey Olsen

This episode dives into the intricacies of Jersey’s investment fund landscape, particularly focussing on the growing crypto fund sector. Yiow and Christopher provide a comprehensive overview of the Jersey regulatory regime relating to investment funds and explore the reasons behind the success of the Jersey Private Fund (JPF) regime.

Discover how the JPF regime interacts with Singaporean regulation and why Jersey has become a preferred jurisdiction for launching crypto funds with Singaporean managers. For aspiring fund managers, hear practical advice on setting up a Jersey fund, including the advantages Jersey offers to Singaporean managers and its appeal across various asset classes.

Jersey's Funds Sector >

Jersey has developed a well-respected and forward-thinking funds sector that offers regimes from retail options through to the more sophisticated and institutional end of the market.

Jersey Private Funds >

The Jersey Private Fund (JPF) was introduced in April 2017. By being cost-effective, flexible and swift to market, the structure has genuinely become a go-to vehicle, particularly when it comes to private capital co-investment and cross-border institutional alternative fund structuring.

The Evolution of Virtual Assets >

Digitalisation, or tokenisation, in the asset management industry is picking up pace and is set to transform the traditional finance world. This research provides insights from investors, fund managers, virtual asset service providers (VASPs) and fund directors. It also includes contributions from the Government of Jersey, Jersey Financial Services Commission and Digital Jersey.

Digitisation Terminology

In 2023, Jersey adopted the Financial Action Task Force (FATF) definition of ‘Virtual Assets’ (VAs) and ‘Virtual Asset Service Providers’ (VASPs), which ensured that VASPs were brought within scope of our Anti Money Laundering (AML), countering the financing of terrorism (CFT), and countering proliferation financing (CPF) regulation. Alternative definitions and language, including digital assets and crypto assets, are used widely in the international financial services industry and are included here, and this also serves to ensure that the content is accessible to all.