The LHoFT - A Guide Through the Common Features of Digital Asset Generating Events

The After-Dark : how current regulations apply, and how to characterize digital assets.

This working paper aims at providing an analysis of the existing regulatory and legal framework and its application to the fund raising mechanism called Digital Assets Offering or Digital Asset Generating Events ("DAGE"), as well as discussing certain options to address these offerings within the Luxembourg regulatory framework in the future.

The paper is the result of a collaboration between the Luxembourg House of Financial Technology (LHoFT), Elvinger Hoss Prussen, Fieldfisher, Clifford Chance, Loyens & Loeff, Allen & Overy, Lëtzblock and Melvin Tjon Akon.