Former LedgerPrime Employees Launch Split Capital Hedge Fund Focused on Liquid Tokens

cryptonews.com:

Former employees of crypto trading firm LedgerPrime have unveiled a new hedge fund named Split Capital, focusing on liquid tokens. Split Capital’s founders include Zaheer Ebtikar, Michael Churchouse, and Nai Boonkongkird, with Shiliang Tang, former chief investment officer at LedgerPrime, serving as an advisor.

It's been a long time coming but I'm thrilled to announce the official launch of Split Capital, a liquid digital assets fund.

Split Capital, as a concept, has been in my mind for years now and it's been a dream to finally see it come to fruition.https://t.co/cItdgFl3Ao

— Zaheer (@SplitCapital) January 19, 2024

Also, the primary backers of Split Capital include Novi Loren, UTXO Management, and Dan Matuszewski, co-founder of CMS Holdings. However, the fund size has not yet been disclosed, citing regulatory restrictions.

Notably, the fund aims to adopt a longer-term approach to token investments, contrasting with the common strategy of divesting once digital assets become liquid, often seen in venture capital firms active in the crypto space. Split Capital is designed for investors seeking a more extended investment horizon.

Ebtikar posted to X on Friday, saying,

“It’s been a long time coming, but I’m thrilled to announce the official launch of Split Capital, a liquid digital assets fund. Split Capital, as a concept, has been in my mind for years now, and it’s been a dream to finally see it come to fruition.”

Zaheer Ebtikar emphasized that the fund’s strategy involves considering the long-term potential of tokens. As an example of what types of tokens Split Capital might focus on, Ebtikar pointed out a recommendation he and his team made in December 2022 when they recommended buying Solana, Lido, and Synapse.

Split Capital