Enigma Securities Ltd. a technology-driven financial institution dedicated to corporate client solutions for crypto assets announced the partnership with Iconic Holding’s Multi-Manager Platform. Applying its expertise in capital markets, Enigma will provide liquidity, provision of credit, and capital introduction for the Multi-Manager Platform. In addition, Enigma will advise Iconic Holding during the manager selection process and provide ongoing execution and risk management services.
Iconic’s Multi-Manager platform enables up-and-coming crypto asset managers to leverage its operational infrastructure and investor network to launch an investment fund. Managers can optimize capital utilization across numerous banking and financing relationships and rely on infrastructure assured to meet institutional grade operational and risk due diligence requirements. In addition, the platform empowers investors to more easily source, onboard and allocate to crypto strategies while reducing operational risks.
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Napoleon Group hosts three AMF supervised entities, and the team is comprised of former portfolio managers from traditional finance, computer / scientists, and blockchain experts. Napoleon AM is the first regulated crypto investment firm focusing on quantitative crypto alpha strategies for institutional investors. The Group has been running several strategies in managed accounts for qualified professional investors for over a year with strong track record.
Napoleon AM launched the first ever AMF regulated Bitcoin Fund (Napoleon Bitcoin Fund, a Professional Investment Fund regulated but not approved by nature) offering passive exposure to the performance of Bitcoin via the CME Futures. It is partnering with Iconic Holdings to launch actively sub-managed strategies with Iconic’s Multi-Manager Platform in the near future.
“We are excited to provide a myriad of capital market solutions to Iconic’s Multi-Manager platform,” said Wilfred Daye, Chief Executive Officer of Enigma Securities. “We lend our deep expertise in crypto spot and derivatives execution and risk management to meet the platform’s high standards required by institutional investors.”
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“We are overjoyed to be working with Napoleon AM as the first manager on our Multi-Manager platform,” said Dominic Ward, Managing Director at Iconic Holding. “We look forward to supporting capital formation and operational risk reduction so the team at Napoleon AM can do what it does best, design and execute systematic crypto trading strategies. We are proud to include Enigma Securities and its capital markets solution in our rich ecosystem which also includes legal, banking, custody, administration, audit, and compliance.”
“After 18 months of hard work and great track record, we are very proud to be the first asset manager onboarding Iconic’s multi-manager platform. This partnership will enable Napoleon to leverage expertise and deep international network of Iconic and Enigma Securities. We look forward to launching several systematic crypto strategies in the near future and building on our fast growing AUM,” said Stéphane Ifrah, CEO of Napoleon Group.
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