Further Asset Management, a UAE-based digital asset management company, has partnered with Canadian crypto investment firm 3iQ to launch a $100 million hedge fund targeting institutional investors seeking structured exposure to cryptocurrencies, including a Bitcoin-denominated share class that reinvests profits directly into BTC.
According to Wednesday’s announcement, the Further x 3iQ Alpha Digital Fund is a market-neutral, multi-strategy vehicle designed to provide risk-managed exposure to liquid crypto markets under an institutional framework. The fund was seeded with money from institutional investors, family offices and government backers.
“We provide institutional, risk-managed, scalable access to digital assets, including Bitcoin, within a structure that has passed rigorous institutional due diligence by the world’s leading capital allocators,” said Faisal Al Hammadi, Managing Partner at Farther.
Pascal Saint-Jean, president and CEO of 3iQ, said the fund’s structure allows investors to “pursue double-digit return potential with confidence.”
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Bitcoin-denominated fund class
One of the key features of this fund is its dedicated Bitcoin (BTC) share class, which allows eligible investors to subscribe in BTC and receive returns at the same par value.
This share class is backed by a large in-kind contribution from an unidentified Abu Dhabi-based family office, providing participants with exposure designed to steadily increase their Bitcoin holdings while maintaining long-term exposure to the asset.
Founded in 2012, 3iQ focuses on regulated products and services tailored for institutional and professional investors seeking exposure to digital assets within a traditional compliance framework. The company has expanded its institutional cryptocurrency offerings through its infrastructure, including its digital asset management account platform.
Additionally, it operates as a UAE-based investment platform offering access to regulated opportunities across venture capital, structured products and digital assets.
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Coinbase rolls out Bitcoin yield fund
The new Further x 3iQ Alpha Digital Fund comes as more players offer investors a route into the crypto market. In April, Coinbase announced plans to launch the Coinbase Bitcoin Yield Fund to give institutional investors outside the United States a way to earn money from their Bitcoin holdings.
The product targets a net annual yield of 4% to 8% and aims to meet the growing demand for income-generating crypto strategies among professional investors. The fund has attracted support from multiple investors, including Abu Dhabi-based Aspen Digital, which is regulated by the Financial Services Regulatory Authority.
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