06 May 2020

Carey Olsen advises on ITI Digital's digital assets joint venture

Carey Olsen has advised ITI Digital on the establishment of a joint venture company which will pursue opportunities in bridging traditional and institutional markets with digital assets and blockchain technology.

Backing ITI Digital is ITI Group Limited, a Guernsey company owned by Da Vinci Capital, a fintech focused venture capital fund.

Commenting on the choice of Jersey as a jurisdiction for the company, Gene Moldavsky, who is leading ITI Digital's effort, said: "We are happy to find Jersey welcoming to ITI Digital and to act as a base for our development, as well as the jurisdiction's support of the crypto capital markets – a new and exciting asset class." 

Partner Chris Griffin led the Carey Olsen team, assisted by associates Holly Brown and Filip Kwilinski.

Chris commented: "The choice of Jersey for ITI Digital is further proof that the island is a jurisdiction of choice for ambitious fintech businesses seeking a reputable domicile."