Key Takeaways
- • Carey Olsen and JTC Group assisted digital asset manager Valour with a new Exchange Traded Products (ETPs) programme structured in Jersey and offered to investors across the European Union.
- • The ETPs provide access to a range of cryptocurrencies, other digital assets, indices and crypto 'baskets' through a regulated stock exchange.
- • Valour Digital Securities Limited is the issuer, with the ETPs initially listed on Deutsche Borse Xetra, and further listings on major European exchanges anticipated.
- • JTC Fund Solutions (Jersey) Limited has been appointed for ongoing determination agency, administration and company secretarial services.
Summary
Carey Olsen and JTC Group have assisted digital asset manager Valour with the launch of a new digital asset-backed Exchange Traded Products programme based in Jersey, according to Channel Eye. The ETPs will be offered to investors across the European Union and will give them exposure to a broad selection of cryptocurrencies and other digital assets, including indices and crypto 'baskets', via a regulated stock exchange.
The products are issued by Valour Digital Securities Limited. They will initially be listed on the German trading platform Deutsche Borse Xetra, with further listings on major European stock exchanges anticipated.
Carey Olsen advised Valour's Switzerland-based asset management team on the Jersey legal and regulatory aspects of structuring and implementing the ETPs. The team was led by corporate partner Chris Griffin, assisted by senior associate Sophie Hancock and associate Tshogofatso Dhlamini. Griffin said the firm was pleased to see another cross-jurisdictional promoter choosing Jersey for digital asset activity.
JTC, through JTC Fund Solutions (Jersey) Limited, has been appointed to provide ongoing determination agency, administration and company secretarial services to Valour. Alan Baird, Head of Fund Services - Jersey at JTC, said the firm now has considerable experience with digital asset structures and expects to support further development and launches in the sector.
Olivier Roussy Newton, CEO of Valour Inc., described the issuance programme as a milestone in Valour's product strategy, saying it supports the firm's mission to offer investors a maximum level of security and access to the digital assets space.
The products are issued by Valour Digital Securities Limited. They will initially be listed on the German trading platform Deutsche Borse Xetra, with further listings on major European stock exchanges anticipated.
Carey Olsen advised Valour's Switzerland-based asset management team on the Jersey legal and regulatory aspects of structuring and implementing the ETPs. The team was led by corporate partner Chris Griffin, assisted by senior associate Sophie Hancock and associate Tshogofatso Dhlamini. Griffin said the firm was pleased to see another cross-jurisdictional promoter choosing Jersey for digital asset activity.
JTC, through JTC Fund Solutions (Jersey) Limited, has been appointed to provide ongoing determination agency, administration and company secretarial services to Valour. Alan Baird, Head of Fund Services - Jersey at JTC, said the firm now has considerable experience with digital asset structures and expects to support further development and launches in the sector.
Olivier Roussy Newton, CEO of Valour Inc., described the issuance programme as a milestone in Valour's product strategy, saying it supports the firm's mission to offer investors a maximum level of security and access to the digital assets space.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.