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ARTICLE · 09 MARCH 2026

CSSF Update On Crypto Assets By Luxembourg UCITS And AIFs

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The Luxembourg supervisory authority, the CSSF, has taken two major steps that impact the investment in and the use of crypto assets by Luxembourg UCITS and AIFs.

LuxembourgFinance and Banking
Patrick Goebel
Patrick Goebel
Arne Bolch
Arne Bolch
Christine Renner
Christine Renner
Philippa List
Philippa List

The Luxembourg supervisory authority, the CSSF1, has taken two major steps that impact the investment in and the use of crypto assets by Luxembourg UCITS2 and AIFs3.

  1. The CSSF has updated what was previously known as the 'FAQ on virtual assets,' (i) renaming it the FAQ on crypto assets for undertakings for collective investment on 4 February 20264 (the Crypto FAQ), (ii) relaxing its position on investments by Luxembourg UCITS and AIFs in crypto assets and (iii) clarifying requirements for management companies and alternative investment fund managers (AIFMs) when servicing UCITS and AIFs that have investments in crypto assets.
  2. The CSSF has updated its FAQ on the act of 17 December 2010 on undertakings for collective investment, as amended (the UCI FAQ)5 on 17 February 2026, clarifying that a UCITS can accept e-money tokens as payment for subscriptions and as a form of ancillary liquid asset.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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