VIDEO · 03 OCTOBER 2016

Impacts Of The Blockchain On Fund Distribution

Deloitte Luxembourg

Explore more from Deloitte Luxembourg

Blockchain technology has the potential to wipe Luxembourg off the map of the fund distribution and administration market.

LuxembourgFinance and Banking

Patrick Laurent

François-Kim Hugé

Thibault Chollet

Author LinkedIn connections

Executive summary

Extending far beyond bitcoin and cryptocurrencies, Blockchain technology is bringing disintermediation to merely all industries. A survey from the World Economic Forum highlights that financial services will be transformed by this technology with expectations of at least 10% of the global GDP being stored on Blockchain platforms by 2025. The fund sector that is seeking levers for processing optimization and which relies a lot on financial service intermediaries such as transfer agents, fund registries, and fund administrations will be particularly impacted. Considering that the fund sector represents more than 50% of its economy, the Blockchain has the power of an earth quake that would shake to the ground the whole Luxembourg place.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Reverse Solicitation: The Exception That Regulators Expect To Remain Exceptional

LuxembourgFinance and Banking

The CSSF Published FAQs On Fund Tokenisation

LuxembourgFinance and Banking

CSSF Issues FAQ On Tokenisation Of Luxembourg Funds

LuxembourgFinance and Banking

CRD VI: The EU's Cross-border Banking Rules Are Changing For Non-EU Institutions. Are You Ready?

European UnionFinance and Banking

Tokenised Funds Gain Greater Certainty: CSSF Issues First Guidance On DLT-Based Fund Units In Luxembourg

LuxembourgFinance and Banking

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Banking & Finance

Comparative Guide

Alternative Investment Funds

Comparative Guide

Capital Markets

Comparative Guide

Acquisition Finance

See more popular content from

Finance and Banking

CSSF Imposes Fine For AML And Sanctions Compliance Violations

Luxembourg's CSSF imposed a €56,000 fine on Stonehage Fleming Luxembourg S.A. for multiple compliance failures, including significant delays in processing sanctions screening alerts and implementing changes to screening lists. At the time of inspection, hundreds of alerts had been treated with substantial delays and 42 alerts remained completely unnoticed by the financial services provider.

LuxembourgFinance and Banking

Duane Morris LLP

ESMA Guidelines On Suitability Updated To Take Into Account Sustainability Factors, Risks And Preferences Of The Clients

On 23 September 2022, ESMA released an updated version of its Guidelines on certain aspects of the suitability requirements as provided for under Directive 2014/65 on Markets...

LuxembourgFinance and Banking

AIFMD II: Key Implementation Developments In Luxembourg

Two years on from the entry into force of Directive (EU) 2024/927, commonly referred to as AIFMD II, the 16 April 2026 transposition deadline has passed, and the state of play across the EU is best described as uneven, with compliance posture increasingly dependent on where an AIFM is authorised. However, Luxembourg, which hosts the largest shares of EU AIFs within the Union, transposed the Directive without material gold-plating.

European UnionFinance and Banking

Luxembourg On Track For CRD VI Transposition

The formal process of implementation of Directive (EU) 2024/1619 amending Directive 2013/36/EU ("CRD VI") began on 6 October 2025 with the publication of the bill of law n°8627 ("Bill") and its submission to Parliament.

LuxembourgFinance and Banking

ELVINGER HOSS PRUSSEN, société anonyme

The AIFMD II Directive And Financing Transactions

The Luxembourg law of March 3, 2026 transposed the AIFMD II Directive into national law, introducing significant changes to the regulatory framework governing alternative investment funds. This article examines the practical implications for financing transactions involving Luxembourg AIFs, analyzing how the new rules on loan origination, leverage caps, concentration limits, and enhanced disclosure requirements affect both lenders and borrowers in structured finance arrangements.

LuxembourgFinance and Banking

Luxembourg Private Funds Organised As Companies: How To Make Them Fit For Purpose

Luxembourg's partnership limited by shares (SCA) offers private fund managers a compelling corporate alternative to the special limited partnership structure, particularly for EU family offices and high-net-worth individuals. When combined with the RAIF regime, this vehicle achieves tax neutrality while maintaining the corporate governance framework that certain investors prefer. The SCA-RAIF structure addresses key legal and tax considerations while providing flexibility for secondary strategies, fund-of-f

LuxembourgFinance and Banking

Luxembourg Introduces Multi-compartment Structures For Unregulated AIF Limited Partnerships

Luxembourg has introduced a landmark legislative reform allowing unregulated alternative investment fund (AIF) limited partnerships to adopt multi-compartment structures. This development enables fund sponsors to consolidate multiple investment strategies, investor classes, and fund-level structures within a single limited partnership, significantly reducing complexity and administrative burden while maintaining creditor protection and investor segregation.

LuxembourgFinance and Banking

Herbert Smith Freehills Kramer LLP

Update Of CSSF Circular 12/552: Key Governance Obligations Clarified For The Banking Sector

On 29 August 2024, Luxembourg's CSSF issued Circular 24/860, clarifying governance, risk management, and audit committee requirements for credit institutions, updating key provisions of Circular 12/552.

LuxembourgFinance and Banking

ELVINGER HOSS PRUSSEN, société anonyme

Redemption Gates Or Redemption Caps: Why The Difference Matters

Semi-liquid alternative investment funds face inherent tensions between illiquid assets and investor liquidity demands, requiring sophisticated redemption management tools. Under AIFMD II, EU-authorized private fund managers must implement pre-determined liquidity management tools, but not all redemption restrictions qualify equally.

LuxembourgFinance and Banking

Spotlight On Luxembourg

CMS Luxembourg's M&A experts analyze the Grand Duchy's evolving dealmaking landscape, examining how regulatory complexity and fund services consolidation are reshaping Luxembourg's dual role as both a domestic market and Europe's premier cross-border structuring hub. The discussion reveals why private equity houses are driving unprecedented consolidation among fund service providers in the world's second-largest investment fund center.

LuxembourgFinance and Banking