AltNovel, in collaboration with 3iQ, has launched a multi-strategy digital asset fund regulated by the Financial Services Regulatory Authority, targeting the Middle Eastern market from its base in Abu Dhabi.
This launch marks a pioneering step for regulated digital asset investments in the Middle East, aiming for high returns. Market participants are watching closely for potential impacts on digital asset inflows.
AltNovel and 3iQ Pursue 20% Annual Returns
AltNovel, an Abu Dhabi-based platform, has partnered with 3iQ to introduce a regulated digital asset fund targeting professional investors in the GCC region. This fund focuses on multi-strategy investments with an annualized return target of over 20%.
Under the leadership of Stergios Voskopoulos, CEO of AltNovel, the company has emphasized the milestone nature of this partnership. The fund’s regulation by the Financial Services Regulatory Authority adds an important layer of legitimacy. Stergios Voskopoulos stated,
This partnership is a milestone for AltNovel as we continue to focus on bringing high quality investment solutions to private investors in the GCC from our home in the ADGM.
Institutional Exposure in Middle Eastern Crypto Strengthens
The launch is expected to enhance institutional exposure in the Middle Eastern digital asset market. Professional investors are likely to gain increased access to digital asset strategies, including Bitcoin and Ethereum, boosting regional market dynamics.
While specific cryptocurrencies impacted were not detailed, the fund aims to outperform traditional assets with controlled drawdowns. Historical trends suggest such funds can lead to increased liquidity and interest in large-cap tokens.
North American Fund Success Predicts Regional Growth
Similar multi-strategy digital asset funds by firms such as 3iQ in North America and Europe have led to increased institutional participation. They often result in higher on-chain activity and beneficial impacts on major cryptocurrencies.
Experts from Kanalcoin point to greater institutional access as a key driver of market maturation. Past fund launches have often led to more stable price trends and enhanced liquidity metrics for core digital assets.
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