You’re raising a fund with digital assets in scope, out of the European Union. 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
Whether the fund is an alternative investment fund under AIFMD, and whether it can be marketed to retail investors. Everything else hangs off that.
What to work through, in order
Investor class and disclosure
Whether the fund is a professional-investor AIF marketed under the AIFMD passport, or a retail product requiring UCITS or ELTIF structuring. Retail access changes the entire build.
The licensing route
Full AIFM authorisation, appointing a host AIFM, or relying on the sub-threshold registration regime. Only full authorisation gives the marketing passport.
Where the vehicle sits
Luxembourg and Ireland dominate, with the RAIF and ICAV structures chosen for speed to market. Substance requirements in the domicile are a live supervisory focus.
Next steps
What happens if you go ahead
Scoping call
Written scope and fixed-fee quote
Engagement, once a lawyer confirms
Who would handle it
Offices
London
25 Southampton Buildings, London WC2A 1AL