Sep 10, 2021
Crypto-currency fund tokenized
The first ADGM-regulated tokenized fund
Peregrine Ltd has tokenized the first regulated fund in ADGM. Peregrine, working with Securrency “compliance aware tokenization™” technology, has minted tokens on an ADGM feeder fund which invests into a crypto-currency trading fund managed by PSG Capital LLC.
Investors who were issued tokens had to proceed through normal KYC, AML, and KYB onboarding requirements based on ADGM rules and relevant rules in the investors jurisdictions. The initial token-holders, are based in UAE, UK, and Switzerland.
“We are excited to be at the forefront of the regulated digital asset revolution” – Paul Salama-Caro, founder of PSG Capital LLC