Dechert Advises the FinTech Rubinstein & Schmiedel on Launch of AI-Driven Crypto Fund

Dechert advised Rubinstein & Schmiedel on the structuring and launch of their first regulated crypto trading investment fund. Rubinstein & Schmiedel is a German / Swiss FinTech which has developed an end-to-end, fully automated software solution covering data acquisition, signal generation, back-testing, trade execution, portfolio and risk management. The software provides in minute interval 24/7 trading signals based on artificial intelligence (AI) exploiting complex inefficiencies, correlations and strategies which can be utilized to generate sustainable returns with low volatility and drawdown, within the asset class of crypto currencies.

The fund is structured as a Cayman Islands segregated portfolio company (SPC). Rubinstein & Schmiedel AG, Switzerland acts as the fund sponsor. The fund established a first segregated portfolio which is managed by a Cayman Islands registered investment manager. The investment manager uses trading signals provided by the Rubinstein & Schmiedel AI software to implement the portfolio’s multi-crypto assets investment strategy. The fund issues shares by private placement to professional investors.

The Dechert team that advised Rubinstein & Schmiedel was led by private funds and tax partner Hans Stamm (Munich/Frankfurt) and included private funds associates Matthias Meinert (Munich) as well as Samuel Hachez (Luxembourg/London).

About Dechert

Dechert is a leading global law firm with 22 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.