PRESS RELEASE
3 April 2025

Advising Figure Markets On Launching Its First Tokenised Cayman Islands Fund

W
Walkers

Contributor

We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. With over sixty years of looking at the world through the same commercial lens as our clients means we deliver focused, clear, precise advice to get the deal done. Clients trust us to help them make good business decisions, create commercially sound products and strategies, resolve disputes and cement deals that are profitable. From offices across geographies, we deliver business-critical advice and service in the same time zones as our clients, covering asset management, investment funds, corporate, M&A, dispute resolution, finance, insurance, fintech, private capital and trusts, regulatory and more
Walkers has advised Figure Markets as Cayman Islands counsel on the launch of its first Cayman Islands fund. Figure Markets is built on the Provenance Blockchain and Figure Markets Real World Asset Fund...
Cayman Islands

Walkers has advised Figure Markets as Cayman Islands counsel on the launch of its first Cayman Islands fund. Figure Markets is built on the Provenance Blockchain and Figure Markets Real World Asset Fund, LP represents the rise in tokenised funds, issuing interests in tokenised form using the Provenance Blockchain. This launch will further cement Cayman's reputation for embracing innovation.

Figure Investment Advisors, LLC, the investment advisor, will employ an income generating strategy for the fund, by investing in principal protected interest bearing securities, mainly focused on mortgage securities.

Figure Markets Real World Asset Fund, LP is led by Michael Abbate, a former Managing Partner at NovaWulf Digital Management, and Chief Operating Officer Laurie Katz.

Cole-Frieman & Mallon LLP acted as U.S. counsel to Figure Markets. The Walkers team advising on the Cayman law elements of the launch was led by partner Martin Davies, and included partners Lucy Frew and Melissa Lim, and associates Bethany Oakley and Charlie Griffiths.

Contributor

We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. With over sixty years of looking at the world through the same commercial lens as our clients means we deliver focused, clear, precise advice to get the deal done. Clients trust us to help them make good business decisions, create commercially sound products and strategies, resolve disputes and cement deals that are profitable. From offices across geographies, we deliver business-critical advice and service in the same time zones as our clients, covering asset management, investment funds, corporate, M&A, dispute resolution, finance, insurance, fintech, private capital and trusts, regulatory and more

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