Programme BAI InnovationsDay 2026
Crypto Exposure in a Private Equity Fund – Indirect Investments via ETPs and Custody Considerations
- Objective: Establishing a small tactical crypto allocation for diversification purposes within a closed-ended AIF
- Implementation Approaches: ETPs versus direct token allocations; advantages and disadvantages within AIF structures
- Role of the Depositary, Custodian Bank and Crypto Custodian: Asset segregation, safekeeping arrangements and liability considerations
- Portfolio and Liquidity Management: Valuation, pricing feeds and stress-testing methodologies
- AML and Travel Rule Framework: Compliance requirements for crypto asset transfers
- KAGB/AIFMD Considerations: Investment restrictions, depositary obligations, delegation and outsourcing requirements relating to crypto assets
- MiCAR Interface: Product and service regulations applicable to crypto assets and crypto ETPs
Speakers: Dr Kati Beckmann, Partner, Greenberg Traurig und Carsten Kociok, Partner, Greenberg Traurig
DeFi Tokens – Accessing DeFi Strategies through Digital Securities
How investors can gain exposure to various DeFi strategies through crypto securities issued under Germany’s Electronic Securities Act (eWpG)
Speaker: Dr Robert Oppenheim, Partner, Osborne Clarke / Tradevest Markets
Panel Discussion: A Comparative Analysis of German, Luxembourg and U.S. Crypto Regulation
Dr. Dr. Johannes Blassl, Partner, HEUKING
Moderator: Frank Dornseifer, Managing Director, BAI e.V.
Keynote
KfW
Expert Insight
Michael F. Spitz, Founder and Co-CEO, 360X
The Use of AI Agents in Fund Operations, Fund Finance and Compliance (Applications in investor onboarding, compliance screening of assets, and KYC/AML analytics tools)
Vestlane
Current Developments Affecting Depositaries and Fund Management Companies: DLT Pilot Regime, Market Integration Package and eWpG
Speaker: Dr. Theresa Kreft-Tönningsen, Partner, Freshfields
