Carey Olsen and Oakbridge Funds have assisted Singapore investment manager Fintonia Group on the launch of its bitcoin-focused fund.
Fintonia Bitcoin Physical Fund (Jersey) is a Jersey Private Fund, and a sub-fund of Fintonia Liquid Funds VCC, a Singapore-domiciled variable capital company.
The fund's investment strategy is to provide investors long-only exposure to bitcoin against US dollars in a quick, safe and cost-efficient manner, while having the option to earn a yield on the fund's assets.
The Carey Olsen team advising Fintonia on Jersey legal and regulatory matters was led by Jersey Partner Chris Griffin, assisted by Singapore-based Senior Associate Susan McKinstray.
Oakbridge Funds is acting as designated service provider to the fund under the Jersey Private Fund regime, as well as providing the fund with accounting and investor reporting services.
The Oakbridge team was led by Director Alex Smyth.