Former LedgerPrime Personnel Launch Long-Term Hedge Fund for Digital Tokens
A new hedge fund called Split Capital has been established by former employees of LedgerPrime. Led by Zaheer Ebtikar, Michael Churchouse, and Nai Boonkongkird, the fund aims to focus on long-term investments in liquid digital tokens. Shiliang Tang, the former chief investment officer at LedgerPrime, will provide advisory services for the fund.
A Unique Investment Strategy
Unlike many other venture capital firms in the crypto space, Split Capital takes a different approach. Rather than divesting quickly once assets become liquid, the fund adopts a longer-term perspective on token investments. This strategy is designed for investors who are willing to commit to the crypto market over an extended period.
It’s been a long time coming but I’m thrilled to announce the official launch of Split Capital, a liquid digital assets fund.
Split Capital, as a concept, has been in my mind for years now and it’s been a dream to finally see it come to fruition.https://t.co/cItdgFl3Ao
— Zaheer (@SplitCapital) January 19, 2024
Ebtikar highlighted past recommendations made by his team, including tokens like Solana, Lido, and Synapse, as examples of the firm’s investment focus. It is worth noting that FTX acquired LedgerPrime in 2021.
Backing from Notable Investors
Split Capital has already secured investments from prominent backers such as Novi Loren, UTXO Management, and Dan Matuszewski of CMS Holdings. However, the exact fund size remains undisclosed due to regulatory constraints.
Ebtikar, who previously worked as a portfolio manager at LedgerPrime, brings his expertise to the new fund. Churchouse, formerly part of Nickel Digital Asset Management’s defi investment team, also contributes industry experience to Split Capital.
Hot Take: Split Capital’s Long-Term Approach to Crypto Investments
Split Capital’s unique strategy of taking a long-term perspective on token investments sets it apart from many other venture capital firms in the crypto space. By focusing on liquid digital tokens and committing to the crypto market over an extended period, the fund aims to provide opportunities for investors seeking stability and growth in the rapidly evolving cryptocurrency landscape. With backing from notable investors and experienced professionals at the helm, Split Capital is poised to make an impact in the world of digital asset investments.
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