Insightful Research On Virtual Assets – And Jersey's Growing Role

JF
Jersey Finance Limited

Contributor

Jersey Finance is a not-for-profit organisation formed in 2001 to represent and promote the Island of Jersey’s International Finance Centre. Funded by local financial services firms and the Government of Jersey, Jersey Finance has a presence in Jersey, Dubai, Hong Kong SAR, Johannesburg, London, New York, Shanghai and Singapore.
Digitisation in the asset management industry is picking up pace. BlackRock, the world's largest asset manager, recently launched its first tokenised fund.
Jersey Finance and Banking
To print this article, all you need is to be registered or login on Mondaq.com.

Digitisation in the asset management industry is picking up pace. BlackRock, the world's largest asset manager, recently launched its first tokenised fund. Against this backdrop, Jersey Finance has partnered with IFI Global on a new report 'The Evolution of Virtual Assets and Jersey's Growing Role'.

The report provides valuable insights from investors, fund managers, virtual asset service providers, and fund directors. It features contributions from the Government of Jersey and the Jersey Financial Services Commission (JFSC) and includes an analysis of Jersey's regulatory framework and tokenisation capabilities, as well as a number of real-life case studies.

Highlighting that 5% – 10% of all assets are expected to be virtual by 2030 (Northern Trust and HSBC, 2023), the paper drills down into how the infrastructure needed to support tokenisation is developing. It identifies a diversity in asset classes looking at tokenised options for investors. As well as asset classes that are well-known early adopters, such as real estate, the research found that projects are being worked on in almost all investment areas, including sustainable investing.

Home to a growing number of virtual assets businesses

Digitalisation, or tokenisation, is likely to have a significant impact on the traditional finance world, most notably in terms of access to global markets and new asset classes. But it will be an evolution, not a revolution. Jersey is home to a growing number of credible virtual assets businesses, thanks to its world-class digital infrastructure, renowned regulatory framework and broad range of corporate vehicles – indeed, this year marks ten years since the world's first Bitcoin fund was launched in Jersey.

As this paper report outlines, however, the sector continues to evolve at pace and being prepared for a variety of future permutations is prudent. While jurisdictions will vary in their perspectives on risk, Jersey's financial regulator has an established approach to consider applications involving token-generating events with meaningful substance backed by a credible promoter.

Read this new report now for important industry insight: The Evolution of Virtual Assets and Jersey's Growing Role

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More