NBLO Advises on the Launch of Bulgaria’s First Crypto-Integrated Alternative Investment Fund

New Balkans Law Office is pleased to announce its role as legal counsel in the successful launch of MarketVision Capital AD, now officially registered as an Alternative Investment Fund (AIF) by the Bulgarian Financial Supervision Commission (FSC). Alongside this milestone, MarketVision Finance OOD has been authorised as the AIF’s Alternative Investment Fund Manager (AIFM), in full alignment with European Securities and Markets Authority (ESMA) guidelines and the MiFID II framework for professional investors.

Headquartered in Bulgaria, MarketVision Capital is the first registered AIF in the country to integrate direct exposure to cryptocurrencies as part of its regulated, institutional-grade investment strategy.

The AIF follows a cycle-aware, macro-driven multi-asset hybrid strategy, investing across:

• Public Equities
• Digital Assets
• Commodities & Precious Metals
• FX & Derivatives
• Music Royalties & DeFi Protocols

The portfolio is rebalanced quarterly, with allocations benchmarked against the S&P 500 and Bitcoin.

Our team at NBLO was privileged to support the MarketVision group across the entire lifecycle of the launch – from structuring to regulatory compliance, licensing and documentation. We extend particular recognition to Petro Tyufekchiev, Managing Associate at NBLO, for his leadership and technical expertise throughout this complex and pioneering project.

The successful registration of MarketVision Capital AD and MarketVision Finance OOD represents a significant step forward for the Bulgarian and wider European alternative investment landscape. It marks the emergence of a new class of regulated funds embracing digital asset exposure within a robust legal and regulatory framework.

We congratulate the MarketVision team on achieving this milestone and look forward to continuing our support as the fund develops and expands its cross-border offering.