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  3. Harneys advises 3iQ on the launch of their crypto hedge fund platform for Global Institutional Investors

Harneys advises 3iQ on the launch of their crypto hedge fund platform for Global Institutional Investors

11 Dec 2023
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Harneys Cayman Islands, acted as lead legal counsel to 3iQ, one of the world's leading digital asset investment fund managers, on the launch of the industry's first comprehensive suite of crypto hedge fund managed accounts through the 3iQ Managed Account Platform (QMAP). Harneys British Virgin Islands, acted as lead counsel to 3iQ on the establishment of QMAP’s BVI approved manager. The QMAP innovative platform features nine crypto hedge fund strategies, establishing 3iQ as the frontrunner in crypto hedge fund managed accounts and active digital investment strategies.

As the first platform of its kind, QMAP connects institutions with digital asset alpha strategies in a secure, transparent, and efficient framework. The platform will launch with USD$50 million of capital from 3iQ and institutional investors.

The Harneys Cayman team was led by Partner Matt Taber and supported by Senior Associate Alla Segal and Associate Louise Hayward and the Harneys BVI team was led by Philip Graham and supported by Senior Associate Ian Chambers. Matt Taber is highly regarded as a virtual assets specialist and is seen as one of the most knowledgeable and experienced funds and transactional lawyers in the Cayman Islands. Matt commented on the transaction, stating: "Through our role in this launch we've highlighted our experience, both legal and commercial, in navigating the complex legal landscape in the digital asset fund management space. Our collaboration with 3iQ exemplifies not only our expertise but also our unwavering commitment to fostering innovation, transparency, and delivering professional legal services that propel our clients and the industry forward."

The Blockchain and Digital Asset team at Harneys is comprised of corporate, banking, investment funds and litigation lawyers who act for both issuers of digital assets and investment funds who invest in them. Our team is at the cutting edge of finance and technology, providing our clients with the strategic guidance they need to thrive in this dynamic era.