The Cash Leg Breakfast

​Stablecoin settlement for Luxembourg funds

​Tokenisation starts with the cash leg. In 2026, the cash leg got its rules, its rails and its licences: regulated stablecoins (e-money tokens) can now be used for subscriptions, redemptions, distributions and capital calls on today’s funds, without waiting for tokenised units.

​Join fund administrators, transfer agents, ManCos, depositaries and fund managers for a practical morning during the ALFI Private Assets Conference.

​What you will take away

• ​What changed in 2026 for stablecoins in Luxembourg funds, and what it means for each role

• ​How a fund subscription is paid in stablecoins, from the investor’s wallet to units at the next NAV

• ​What fund service providers need in place, and what stays the same

​Programme

​07:30 | Registration and breakfast
08:25 | Keynote
08:30 | Panel: Who moves first? Stablecoins and the fund cash leg in Luxembourg
09:00 | Live demo: From wallet to NAV, a fund subscription settled in stablecoins
09:15 | Q&A and networking

​Panel

​Moderator: Arne Bolch, Dechert LLP
Tommaso Cervellati, B2C2
Tobias Seidl, Co-CEO, STOKR

​Who should attend

​Senior representatives from fund administrators, transfer agents, ManCos, depositaries and fund promoters in Luxembourg.

​The venue is within walking distance of the European Convention Center Luxembourg.