Setting up a Wholesale Cryptocurrency Fund - What do you need to know

This webinar was jointly organised by KPMG in Singapore, Carey Olsen and ASCENT Fund Services where we covered the key aspects of setting up a cryptocurrency fund in Jersey.

This session covered the following topics:

• Singapore and Jersey Tax Considerations, including potential relief under the Singapore-Jersey Double Tax Agreement
• Introduction to the Jersey fund regime
• How to open bank accounts
• Operational and administration considerations
  

If you have missed the live webinar, you may watch a recording of it below.

Should you have any queries, please contact Howard Ching at hching@kpmg.com.sg or +65 9660 9612.

Partner, Head of Real Estate and Asset Management, Tax
KPMG in Singapore

Wee Hwee has an extensive experience in structuring single country and multiple jurisdictions funds with a Asian focus, both close/open ended, listed/unlisted, and across various asset classes. He is also familiar with fund platforms in Singapore, Luxembourg, the Cayman Islands etc, as well as tax efficient divestment planning opportunities for funds with multiple exit strategies. Wee Hwee has also assisted many Singapore and foreign investors to structure their Singapore real estate investments in a tax efficient manner across various asset classes.

Regional Head of Operation - APAC
ASCENT Fund Services (Singapore) Pte. Ltd

Prior to joining Ascent, Calvin was in a leading fund administrator for four years. He has obtained his degree of Actuarial Science from Macquarie University that has led him to acquire skills that allowed him to excel in his career. His extensive knowledge in the technical mechanics of Fund Accounting has enabled him to handle complex Client Relationship. He brings to Ascent his extensive technical knowledge in Fund Accounting, Crypto-currency products, Debt products and Fund structuring. He is also currently leading Ascent technology and software projects.

Partner
Carey Olsen Jersey

Chris spearheads Carey Olsen's crypto practice, having advised on a series of token offerings, crypto funds and crypto exchanges. He most recently advised the Radix DeFi platform on the issue of E-XRD. Among other previous notable projects, Chris advised Binance on the launch of its Jersey exchange. He has considerable experience in dealing with the Jersey Financial Services Commission in navigating crypto projects through the Jersey regulatory approval process team. Chris also has broad experience of both general international corporate and funds work with particular expertise in private equity and hedge funds.

Senior Associate
Carey Olsen Singapore LLP

Susan is based in Carey Olsen's Singapore office and advises on a wide range of corporate and investment fund matters across BVI, Cayman and Jersey. She relocated from Carey Olsen's Jersey office to Singapore in 2018 and is uniquely placed to provide advice to clients in Asia on structuring, formation, launch and maintenance of funds in these jurisdictions across a broad range of asset classes, in addition to advising on downstream M&A and preference share financings. Susan has particular experience working with Asia based fund managers using Jersey fund structures.

Director, Asset Management, Audit
KPMG in Singapore

Howard specialises in the asset management sector. He is an advisor on fund formation, regulatory and compliance framework and best practices in the areas of accounting, operations, legal and governance. Prior to joining KPMG in Singapore, he had over 7 years of experience providing audit services to the Asset and Wealth Management industry in Hong Kong. Howard's area of expertise include hedge funds, traditional funds and ETFs. He is also a subject matter expert in VCC and the Cayman Islands Mutual funds/Private Fund Law.