Swiss digital asset bank Sygnum Bank and Starboard Digital have raised over 750 bitcoin BTC$87,904.34, worth more than $65 million at current prices, for its BTC investment vehicle.
The BTC Alpha Fund, offered by Sygnum in partnership with Starboard, is designed to generate yield on its bitcoin holdings without relying on price increases.
The Cayman Islands-domiciled fund delivered an 8.9% annualized net return in its first full quarter following its debut in October last year. It targets 8-10% annual BTC-denominated returns by capturing price differences between spot and derivative markets.
The fund avoids uses systematic arbitrage strategies, meaning it takes advantage of glitches in the prices of assets on different exchanges to try and produce steady returns irrespective of market conditions.
The strong early inflows point to rising demand among institutional investors for bitcoin strategies that generate income while maintaining long-term exposure, according to Markus Hämmerli, Sygum's head of portfolio management.
The fund is open to professional investors in jurisdictions including Switzerland and Singapore.
Shares in the fund are also eligible as collateral for Lombard loans through Sygnum, enabling investors to unlock liquidity without selling their bitcoin positions.
Sygnum earlier this year teamed up with bitcoin lending startup Debifi to launch what the companies said was the first bank-backed loan platform that didn’t require borrowers to give up control of their BTC.
Más para ti
Pudgy Penguins: A New Blueprint for Tokenized Culture
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Lo que debes saber:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Más para ti
Crypto payments firm BCB Group appoints Tim Renew as CEO in leadership reshuffle
Renew will lead the digital asset payments firm, with co-founder Oliver Tonkin moving into a newly created president role.
Lo que debes saber:


