First Crypto Fund in Singapore

First Crypto Fund in Singapore

by April 17, 2018

Swiss-Asia Financial Services announces the launch of its first crypto fund in Singapore. The Kryptos Alpha Fund is an absolute return cryptocurrency hedge fund aiming to maximize returns while minimizing drawdowns.

Swiss-Asia crypto fund

The fund’s strategy incorporates these elements:

  • Arbitrage trading of different cryptocurrencies among various exchanges, focusing on price fluctuations;
  • Long-short basket trading of cryptocurrencies based on quantitative factor models;
  • Providing liquidity and trade volume to multiple currencies at multiple exchanges, earning rebates and bid-ask spreads; and
  • Selective participation in ICOs or pre-ICOs of new blockchain companies with significant technological advances.

The fund will be managed by Zhuang Sheng Quan, co-founder of Kryptos Associates, a company specializing in providing technology solutions for cryptocurrency trading.

Now based in Swiss-Asia Financial Services Pte Ltd in Singapore, Sheng Quan traded currencies and interest rate products before pursuing research in data science. He holds a dual Bachelor’s in Economics and Computer Science from Wharton School, University of Pennsylvania, and a Master’s in Finance from Princeton University.

The launch of Kryptos Alpha Fund occurs at an interesting time as crypto fund launches gather pace globally. According to research from Reuters, an estimated record global number of 226 funds are trading Crypto Assets as of February 2018, with assets under management currently standing between 4.5 and 5 billion USD.

Steve Knabl, COO and Managing Partner of Swiss-Asia Financial Services said;

Steve Knabl

Steve Knabl

“We’re glad to have Kryptos Associates on board. Singapore’s regulatory environment has embraced cryptocurrencies, so we see a lot of opportunities to grow in this space.

With growing investor demand as well, we expect to see the number of crypto funds rise in Singapore, transforming it into a crypto hub in the Asia-Pac region. Swiss-Asia provides start-up managers the back and middle office support they need, to allow them to focus on delivering returns.

By implementing critical functions like robust operational checks and due diligence as well, we ensure things run smoothly. This will maintain investor confidence in our model as we look to help develop this space.”

The fund’s launch is also timely as Swiss-Asia Financial Services hosts its semi-annual Capital Introduction event in Singapore on April 25th. This event presents an opportunity for accredited investors to meet Sheng Quan and learn more about the fund strategy.


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