Metalpha partners with NextGen Digital Venture to launch crypto fund

by Arthur · April 11, 2023

Metalpha Technology Holding Ltd, a crypto-based asset management company in Hong Kong, has announced a partnership with Singapore-based investment firm NextGen Digital Venture Limited to launch Next Generation Fund I, which offers a structured investment channel focused on Grayscale Investments LLC’s product line.

The fund will invest directly in Grayscale’s investment products and indirectly through structured derivatives with respect to Grayscale’s investment products, providing institutions, family offices and high net worth individuals with a compatible channel to gain indirect exposure to crypto, Metalpha said in a statement.

Grayscale is one of the largest digital currency asset managers in the world and offers a range of products that are subject to regulatory oversight by the Securities and Exchange Commission (SEC) in the United States.

Grayscale’s products provide access and exposure to crypto with strong liquidity and often large market value.

“We are very excited to partner with NextGen Digital Venture Limited to launch the fund, as we continue to strive for product innovation for our traditional financial clients,

“Grayscale is one of the largest digital asset fund managers in the world, and we are optimistic about the future growth of Grayscale driven by crypto adoption,” said Adrian Wang, president of Metalpha.

Jason Huang, founder of NextGen Digital Venture Limited, said despite the crypto industry still being in a bear market, he believes now is the time to start investing for the future success of crypto.

“We want to provide compatible access channels to crypto for individuals and institutions and become the most trusted asset manager in this field,

“We believe working with Metalpha will create more opportunities for institutions/individuals to gain the necessary exposure to crypto,” he added.

Once recognized by the local regulator of the British Virgin Islands, NextGen Digital Venture Limited will be the investment manager of the fund.

LSQ Capital Limited, a wholly-owned subsidiary of Metalpha which is licensed by the Securities and Futures Commission in Hong Kong to carry on Type 4 (securities advisory) and Type 9 (asset management) regulated activities, will be the sub-investment manager of the fund.

Metalpha was founded in 2015 and listed on Nasdaq on October 20, 2017.

The publicly traded company, through its subsidiaries, is dedicated to providing investment and wealth management services with a full-service, institutional platform.

With dedicated blockchain expertise, the company aims to become a leader in crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

NextGen Digital Venture is a firm that aims to provide reliable cryptocurrency exposure to traditional finance.

The aim is to connect traditional capital with new technologies that are on the verge of widespread use.

The team consists of experienced professionals from leading investment firms, top-tier family offices and successful technology startups, reflecting our unwavering commitment to deliver reliable and trustworthy financial solutions to our clients.