Osborne Clarke has advised Hauck & Aufhäuser Innovative Capital Kapitalverwaltungsgesellschaft mbH (HAIC), a subsidiary of private bank Hauck Aufhäuser Lampe, on its successful licensing as a fully regulated capital management company (KVG) for digital assets such as crypto assets and cryptocurrencies by German Bafin.
In addition to launching and managing in-house crypto funds in the form of special AIFs, HAIC also intends to provide services to fund initiators and asset managers for their product offerings. The successful licensing makes the company the first fully regulated capital management company (KVG) in Germany with a focus on digital assets.
HAIC's authorisation as a KVG includes permission to launch and manage investment funds as special assets that invest in native crypto assets or mix them with a traditional portfolio allocation.
The Osborne Clarke team advising HAIC consisted of Eric Romba and Dr Robert Oppenheim (both Corporate / Capital Markets).