Jersey An Attractive Option For Asia's Crypto Fund Managers

Despite the recent turmoil in global crypto markets, investors continue to invest in digital assets in the hope of seeking better returns than traditional asset classes. Many managers suggest that crypto should be making up at least 5% of investor portfolios.

With this continued interest, a number of Singapore are managers using Jersey as the jurisdiction in which to domicile their funds. This choice is driven by several factors.

Singapore tax treatment of digital assets. Digital assets do not fall within the definition of a "designated investment" for the purposes of Singapore tax legislation. This means that a Singapore domiciled fund will be subject to tax in the country, and such tax leakage is hugely unattractive to investors.