Carey Olsen and Entrust have advised Coinmerce Group, a Dutch group of crypto platforms providing cryptocurrency exchange services across Europe, on the launch of its new Jersey entity QuantFi Limited, as a virtual asset service provider.
Carey Olsen advised QuantFi on the legal and regulatory aspects of its VASP application to the Jersey Financial Services Commission, with Entrust providing its well established regulatory and compliance incubation for launching a new VASP on the Island.
The Carey Olsen team was led by partner Chris Griffin (pictured), assisted by senior associate Sally Meggitt-Smith and trainee Rory Pridmore.
Chris Griffin commented: “We were delighted to assist the Coinmerce Group with QuantFi’s establishment. This marks another success for Jersey’s crypto offering”.
Coinmerce Group commented: “Establishing QuantFi as a VASP on Jersey is a significant and strategic milestone, reinforcing our commitment to operating under robust regulatory oversight”.
Emma Roberts, Managing Director of Entrust, commented: “The Entrust team was delighted to partner with Carey Olsen on welcoming another VASP to Jersey. We look forward to working closely with the Quantfi team and developing our expertise in this space even further.”
