You’re raising a fund with digital assets in scope. Structure and licensing move together, not one after the other.
Information, not advice
This page is information, not legal advice about your matter. A retainer begins only when a lawyer confirms it.
Start here
Decide who is allowed to invest before you decide anything else
Wholesale or retail changes the documents, the cost and the timeline. A retail fund needs a PDS and a target market determination. A wholesale one does not.
What to work through, in order
Investor class and disclosure
Whether the fund is offered to wholesale or retail investors changes everything downstream. A retail offer brings a PDS, a target market determination under the design and distribution obligations, and a different licensing route.
The licensing route
Holding an AFSL gives control and takes months. Operating as an authorised representative of an existing licensee is faster and cedes some of it. The raise timetable usually decides which is right.
Where the vehicle sits
A unit trust with a corporate trustee is the common domestic structure, but offshore feeder arrangements change both tax and investor eligibility. Structure and licensing constrain each other, so they are worth deciding together.
Next steps
What happens if you go ahead
Structuring call
Structure and licensing memo
Fund documents
Who would handle it
Offices
Melbourne
Level 17, 31 Queen Street, Melbourne VIC 3000
Sydney
Unit 3, 55 Pyrmont Bridge Road, Pyrmont NSW 2009
Gold Coast
Level 5, 33 Elkhorn Avenue, Surfers Paradise QLD 4217