Andrew Keys, co-founder of ConsenSys Capital, has joined $100 million crypto investment fund Digital Asset Risk Management Advisors (DARMA Capital) as a managing partner.
He will be responsible for driving product strategy and global business development at the firm, the Thursday’s announcement stated.
Commenting on the new role, Keys said: “Our mission of providing Quantitative Systematic Alpha Generation of Web3 protocols will help corporations and institutions effectively manage risk in the nascent and volatile blockchain ecosystem.”
Going long for ten years
Launched earlier this year, DARMA Capital is attracting investors who want to bet on Ethereum for a decade of a bull run. Though the value of the digital asset dipped significantly over the last one year, the fund managers are bullish on Ether’s long-term integral role in the Ethereum blockchain.
And this long bet on Ethereum seems legit as many mainstream companies are adopting the technology of the smart contract platform. Earlier this year, Ernst and Young launched a privacy-oriented technology on top of the Ethereum blockchain, while Societe Generale SA issued covered bonds worth EUR 100 million (around $112 million) on the same blockchain platform.
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To comply with market regulations, the fund is registered with the Commodities and Futures Trading Commission (CFTC) and is also a member of the National Futures Association.
“By registering with CFTC and having world class vendors such as Greenberg Traurig as our legal counsel, and Opus as our fund administrator, we plan to be the gold-standard of institutional investment,” he added.
Keys also revealed that the main aim of the fund is to generate 1 percent of the fund’s total asset under management (AUM) per month.
In the new firm, he has joined James Slazas, former head of capital markets at ConsenSys, and John Slazas, founder of quantitative trading analytics company JSTrading Services, both of whom are holding the ranks of partners.
Though Keys will be working full-time at DARMA Capital, he will hold his position as an advisor at ConsenSys.