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Law
Report cements Gibraltar as a jurisdiction of choice for crypto hedge fund managers
By Joey Imossi, Business Development Director, Isolas LLP
Arecent report into the global crypto hedge fund landscape from PwC and Elwood Asset Management
has shown Gibraltar as the 3rd highest jurisdiction of choice for
crypto hedge fund managers, only behind the US and UK.
Gibraltar, which is also listed as having the 4th highest number of domiciled crypto hedge funds, puts the jurisdiction ahead of financial centres such as Singapore, Malta, The Netherlands, Hong Kong, and Switzerland and many others, despite its relative size.
Gibraltar firms work with leading crypto funds, managers and exchanges who choose the jurisdiction for its regulatory approach, specifically its Core Principles based DLT regulations.
The data in the report points to significant growth in the crypto hedge fund industry in Gibraltar, as in the previous guide (2019) the jurisdiction was unranked on
both indicators. The report, compiled from data gathered
in the first quarter of the year, provides an overview of the global crypto hedge fund landscape and examines both quantitative indicators, such as liquidity, and qualitative aspects, such as custody and governance best practice.
Jonathan Garcia, Partner at ISOLAS LLP, said: “Gibraltar has a great legal and regulatory landscape for crypto funds, evidenced by this report. The indicators put further weight behind Gibraltar’s growing status as a ‘go-to’ financial market. The jurisdiction's strength is derived from its robust and dynamic regulatory framework thanks to our size, coupled with the willingness of regulators to consider input from external industry experts.”
In the rest of the world, the report showed that the overall Assets Under Management (AuM) by crypto hedge funds
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