Olymp Capital Kickstarts First European Crypto Asset Fund For Blockchain Projects
Olymp Capital, the Alternative Investment Fund (AIF) Manager, has announced the launch of the first European investment fund to cover the entire blockchain and crypto asset ecosystem.
The Olymp Capital leadership team is led by experts in both traditional finances and in the blockchain ecosystem who have drawn on the best features of traditional venture capital, updated for the world of crypto investment.
Christophe de Courson, a serial technology entrepreneur, serves as CEO and Paul Bougnoux, co-founder of leading French corporate finance advisory firm Largillière Finance, serves as chairman.
Olymp Capital said the fund will include blockchain-related Private Equity, Initial Coin Offering (ICO) activity and a fund-of-fund activity centered on crypto hedge funds. The fund accepts investment both in fiat and cryptocurrencies (bitcoin, ether).
In 2017 the ICO market raised $5.9bn1 whereas $13.7bn2 has already been raised by in 2018 so far. But while the ICO market is booming, it is difficult for investors to access the best deals; investors typically hear about an ICO via social or other media when it is already too late to invest. Tellingly in the first quarter of 2018 average returns for ICOs stood at -55%3, but the 5 best ICOs had a +1,100%4 return.
Olymp: Link Between Investors And ICO
Olymp Capital’s role is to provide the link between investors and the ICO market to aid discovery of those premium ICO investment propositions. The Olymp network enables the fund managers to identify and screen the best entrepreneurs and companies which are about to launch ICOs in a way that individual crypto investors are unable to match.
Olymp Capital has established strategic privileged partnerships with Fundstrat Global Advisors, the first crypto assets analysis company, based in New York and founded by Thomas Lee, ex-Chief Equity Strategist of J.P. Morgan and with John Bai, ex-Head of Equity Sales Asia & US at Mizuho Securities, and technological research institute SystemX, a French government-backed accelerator focused on digital transformation.
These partnerships are supplemented by a worldwide network which Olymp Capital has established, including associates in Luxembourg, Paris, New York, San Francisco, and Singapore, which will enable the fund managers to identify the best opportunities in order to create an international ecosystem by investing in selected ones.
Unlike other funds which launch an ICO in order to collect cryptocurrencies, Olymp’s corporate wallet account allows it to collect payments in cryptocurrencies. This offers a significant advantage in ICO investments and removes the need to convert fiat currency to bitcoin or ether for their investments.
Paul Bougnoux, chairman of Olymp Capita said they have built an international group of advisors, composed of recognized experts in complementary sectors – finance and investment, blockchain and crypto assets, and compliance and regulation – to assist their management team based in Luxembourg.
Christophe de Courson, CEO and co-founder of Olymp Capital commented that this new fund is the only one in Europe that is able to invest directly in tokens. Investors benefit from a unique deal flow, managed by Olymp Capital and offering a fully diversified portfolio in blockchain and crypto asset accessed via a more single investment vehicle. With first-mover advantage, Olymp Capital is set to be the European leader in investments in the new digital asset class.