DeFi-focused Hedge Fund Edge Capital Management Raises $66.8M

UTC by Steve Muchoki · 3 min read
DeFi-focused Hedge Fund Edge Capital Management Raises $66.8M
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Edge Capital has very little information about its products but markets itself as an alternative investment manager specializing in digital assets and DeFi protocols.

According to SEC filings, Edge Capital Management LLC, Florida-based decentralized finance (DeFi) focused hedge fund, has raised a total of $66.8 million in two separate fundings. Reportedly, the firm raised one offshore fund in the Cayman Islands from eight investors for a total of $38.6 million. On the other hand, the company raised a total of $28.1 million for a  Delaware-incorporated fund from six investors.

The little-known company intends to raise further capital since it did not set a limit on the previous fundraisings. The company has very little information about its products but markets itself as an alternative investment manager specializing in digital assets and DeFi protocols.

The Edge Capital hedge fund intends to invest the cash into DeFi projects with high growth potential but in the early stages of development.

“We apply a proprietary, fundamentally-driven approach to identifying investment opportunities that can deliver consistent returns while providing strong diversification benefits to traditional investment portfolios,” the company’s website reads.

Most of the company’s information is readily available to its customers with a login portal. Otherwise, the firm has no social media presence; hence little is known about it.

Edge Capital Joins Institutional Investors Venturing the DeFi and Blockchain Industry

Founded back in 2020, Edge Capital Management is headed by Vadim Khramov, according to LinkedIn details. The company joins a growing list of institutional investors seeking exposure in the blockchain and cryptocurrency market.

However, cash inflows to the crypto and blockchain industry have declined in the first half of 2022, following the bear market that began earlier this year.

Regulations in the cryptocurrency and blockchain have played a crucial role in onboarding more institutional investors. Furthermore, the blockchain technology and cryptocurrency industry is a set of complex smart contracts that, sometimes disadvantage the investors without understanding.

The rising global inflation has significantly dictated the migration of institutional and retail investors toward the digital asset economy. For instance, Turkey has seen its inflation rise to over 60 percent in the past few years.

Public companies are adding digital assets to their balance sheet, led by MicroStrategy Inc (NASDAQ: MSTR) and Tesla Inc (NASDAQ: TSLA).

Edge Capital intends to build infrastructure rails for the next scalable decentralized financial platform before the next crypto bull market. Currently, it is estimated that around 300 million people have interacted with cryptocurrency worldwide. The number is expected to grow exponentially before the next bull market, hence the urgent need for cheap, secure, and scalable blockchain technology.

Meanwhile, the total cryptocurrency market capitalization stands at around $950 billion, down from last year’s peak of approximately $3.2 trillion.

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Steve Muchoki

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