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Cayman Islands, US and Gibraltar Are Top Crypto Hedge Fund Jurisdictions

Gibraltar leapt into the top three, overtaking the British Virgin Islands and Luxembourg.

Updated May 9, 2023, 3:20 a.m. Published Jun 7, 2021, 12:30 p.m.
Rock of Gibraltar
Rock of Gibraltar

The Cayman Islands, U.S. and Gibraltar are the top locations where crypto hedge funds are domiciled, according to a report by PwC and Elwood Asset Management.

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  • The Cayman Islands and the U.S. maintained their positions as the top two places where crypto hedge funds are domiciled, although their market shares declined overall.
  • Gibraltar overtook the British Virgin Islands and Luxembourg for third place, pushing down Liechtenstein and the others, according to the report.
  • The report, the companies' third annual research report into global crypto hedge funds, highlights that the fund managers themselves are located elsewhere, mainly the U.S. and U.K.

Read more: Hedge Fund Behind One River Digital to Invest Part of $5.6B Fund in Crypto: Report

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Dubai takes next step to make real estate flips instant in $16 billion tokenization plan

Dubai UAE (Pexels, Pixabay)

Dubai Land Department and Ctrl Alt move to the next phase of real estate tokenization project, enabling the resale of property tokens.

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  • Over $5 million in tokenized Dubai real estate becomes tradable on a controlled secondary market.
  • The XRP Ledger-based tokens are backed by title deeds, with trades synced to Dubai’s land registry and supported by Ripple Custody.
  • The project is part of Dubai’s broader plan to tokenize $16 billion in property by 2033.