Latest / The Final Block by Investre
A Token Is Not a Token, with Yves Elvinger
A tokenised fund share can mean two very different legal things, and picking the wrong one causes real operational headaches. Yves Elvinger, partner at Elvinger Haus, walks through Luxembourg's two tokenisation models, the digital TA model and the Control Agent model, and where each fits inside existing fund structures. He also explains why money market funds became the first strong tokenisation use case, and how central administration rules apply once shares move on-chain.
The skinny
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