Osborne helps Arquant to be first crypto specialist
The best regulator sanctioned Arquant Capital to be the first digital asset manager
Osborne helps Arquant to be first crypto specialist
The best regulator sanctioned Arquant Capital to be the first digital asset manager
Arquant Capital, crypto-asset adviser, was suggested by Osborne Clarke to be the first crypto specialist, sanctioned as an asset management company by Autorité des Marchés Financiers (AMF), France's financial regulator.
Financed in digital assets and a three-year approval procedure, Arquant with the move permits to deliver investors entrée to dedicated professional funds flexibly.
In future, the company had a plan to inaugurate its first focussed professional fund entirely devoted to Ethereum, the block chain platform.
The regulatory partner Karima Lachgar, included tax partner Dorothée Chambon and employment partner Jérôme Scapoli were the leading members of Osborne Clarke's team. Governance, operations and procedural matters were handled by Lachgar and the contract negotiation with Arquant's service providers and clients as well.
As a vital factor of the subsequent success of the authorisation in the procedure, Lagchar's role was pulled out by Eron Anglele, co-founder and CEO of Arquant.
"Since inception, we marked to enable access to digital assets for professional investors and offer a solution for managing instability risk in this asset category," he added. "From the advantages of varying their portfolio into crypto-assets, these are the two main hindrances for these investors to benefit."
According to Lachgar, the fruitful bid of Arquant's represented "a particularly advanced strategic structuring of the management proposal and investment schemes."
In structuring the strategy of Arquant's unique move, the team's knowledge of the asset management and crypto-asset sectors and their "near and believing" relationships with France's financial market authority played a vital role, she mentioned.
With an extensive experience in dealing tokenisation platforms, payment marketplaces, blockchain and fintech companies in France and internationally, Lachgar joined Osborne Clarke in 2021 from CMS's arm in Paris.
Regarded as a leader in European crypto invention, presently France has become the first EU country to allow the world's largest crypto exchange Binance regulatory sanction.
In the meantime, in April 2022, Norton Rose Fulbright advised cryptocurrency exchange Bybit to step into the UAE market as its global headquarter platforms moved from Singapore to Dubai.
Through a special purpose acquisition merger with Thunder Bridge Capital Partners worth $1.3bn, Simpson Thacher & Bartlett and Nelson Mullins Riley & Scarborough headed Coincheck, Tokyo-based cryptocurrency marketplace in March, 2022.