Elvinger Hoss Prussen assisted Franklin Templeton in receiving approval from Luxembourg regulator Commission de Surveillance du Secteur Financier to launch the first fully tokenised Luxembourg UCITS, using in-house technology.
As part of this innovative project, we assisted Franklin Templeton UCITS management company in receiving approval as transfer agent and related use of Franklin’s proprietary blockchain-enabled transfer agency platform, including the ICT and DLT components of the set-up. It is an important step forward for the fund industry providing investors with improved transparency, security, accuracy and immediacy made possible by public blockchain technology.
The Regulatory team was led by partner Sophie Dupin, with the assistance of senior associate Iren Butrakova and associates Charles Guillard Somers and Elisabeth Moll.
The Investment Funds team was led by partner Olivia Moessner, with the assistance of senior associate, Manon Prieto Gomez and associates Emmanuel Turpin and Estelle Alvarez.
