Fieldfisher German and Chinese partners advise XOLARIS on blockchain alternative investment funds project in Hong Kong
von Stefan Klaile
Fieldfisher's international finance team has been engaged to advise the Hong Kong branch of Germany-based XOLARIS Group on structuring alternative investment funds in the blockchain area.
XOLARIS Group, headquartered in Konstanz in southern Germany and with capital management companies (Kapitalverwaltungsgesellschaften) in Munich and Hamburg, announced its expansion into Asia earlier this month by setting up XOLARIS Capital Ltd. in Hong Kong.
Established in response to increasing demand among Asian investors for opportunities to invest in alternative assets, XOLARIS' Hong Kong operation will be the central hub for all the group's investment structuring activities outside Europe.
A Fieldfisher team led by Thorsten Voss, a finance partner based in Frankfurt, and Leo Zhang a corporate partner in Beijing, will be responsible for the conception of XOLARIS' planned investment solutions, as well as the ongoing operational processes, which have to fulfil the requirements of both the German Capital Investment Code (Kapitalanlagegesetzbuch; "KAGB") and Chinese law.
In its first year, XOLARIS intends to structure a volume of assets in the triple digit million range for the Asian market.
The company's cross-border European-Asian project will initially have a cryptocurrency mining farm as its main investment property.
Fieldfisher will assist XOLARIS by providing expertise in international investment and capital markets law, backed by its sector-leading knowledge of cryptocurrencies and blockchain.