BSP with Hamilton Lane on the innovative creation of a new DLT-registered share class

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BSP has advised Hamilton Lane in relation to the creation of an innovative share class to be maintained on a share register using blockchain-based distributed ledger technology (DLT) for their USD 3.8bn regulated Luxembourg fund (Hamilton Lane Global Private Assets Fund).

The new DLT-registered share class is part of a unique cross industry project announced by Sygnum Bank, Hamilton Lane, and Apex Group aiming at expanding global private market access to significantly larger and more diverse groups of qualified investors. Leveraging the power of the blockchain, the new DLT-registered share class automates and integrates traditionally separate functions, increasing both accessibility and efficiency.

This transaction builds on BSP’s long-standing relationship with Hamilton Lane, one of the largest private markets investment firms globally. The team was led by Evelyn Maher, Partner and Head of the Investment Management department, supported by Marylou Poncin, Counsel. Their role involved advising on the regulatory steps from a fund perspective, liaising with the CSSF the Luxembourg Financial Sector Supervisory Commission as well as advice and assistance with the corporate law matters involved.

Further resources: Hamilton Lane Press Release