dParadigm Capital has selected Catalyst Group to provide fund administration services for its digital asset fund, dParadigm Fund SPC.
The dParadigm Fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid venture capital (VC) and DeFi strategy.
The fund has been crafted to blend a variety of investment strategies and generate uncorrelated capital appreciation whilst capturing yield enhancement opportunities through a diversified portfolio of tokens, coins, digital assets, and derivatives linked to several rapidly expanding DeFi ecosystems.
dParadigm is leveraging its digital technology and decentralised finance knowledge to capture value for investors as an early entrant into the digital assets market with a traditional fund structure familiar to institutional investors.
dParadigm is currently seeded, operational and scaling to be a US $100 million DeFi fund by end of 2022.
Catalyst was appointed by dParadigm Capital based on its knowledge of due-diligence, know-your-customer and anti-money laundering processes, as well as its team’s experience of working with crypto, digital assets, and decentralised finance ecosystems.
Benjamin Reid, founder and co-managing partner at Catalyst Group, comments: “We are delighted to be able to announce this new relationship with dParadigm. As a first mover in the fund space to be providing institutional investors with access to DeFi ecosystems and digital asset markets, they are breaking new ground and we are excited to be providing the administration and financial services infrastructure necessary to facilitate this initiative as it scales to meet the needs of institutional investors.”
Daragh Geraghty, chief operating officer at dParadigm Capital, says: “We wanted to ensure that we selected the ‘best of breed’ fund administrator to meet our requirements, and to set high standards for institutional investors as they look to allocate capital in this space. We are very grateful to all the Catalyst team for their high levels of commitment and support in what is a rapidly developing market.”
