Novogratz-backed firm commits $100M to crypto investment
Cryptology will be investing in crypto and blockchain related companies and funds over the next 24 months
Cryptology manages fee-bearing investments on behalf of its partner investors and has strategic positions in various blockchain companies and crypto assets. It is one of the few crypto-focused investment companies listed on the stock market and trades under the ticker CAP on several German exchanges.
The company was founded by Christian Angermayer’s family office, Apeiron Investment Group, and Mike Novogratz. Novogratz is well known in the crypto space as the Founder and CEO of Galaxy Digital, which has the sixth largest Bitcoin treasury of any publicly traded company with a holding of 4,000 BTC.
Cryptology has an estimated internal rate of return of over 300% per year according to CEO Patrick Lowry. “There is no better asset class to bet on than crypto, in my opinion,” he explained. “With regards to our fund investment strategy, our vision is to collaborate closely with our portfolio funds, offering them access to our broad network and experience, as well as to co-invest alongside them into innovative blockchain companies and crypto assets.”
The company already provides access to exclusive digital assets for its retail and institutional investors through its daily liquid shares. This includes indirect participation in EOSIO publisher Block.one, which last month announced the upcoming launch of a new cryptocurrency exchange, Bullish.
Cryptology’s investment strategy will take an entrepreneurial approach, concentrating on emerging managers and first time funds around the world.
“We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class,” Angermayer added. “Our fund investment strategy will focus on emerging talent, taking a global approach, and will encompass both funds investing in equity stakes of crypto- and blockchain-related companies as well as funds investing in crypto assets and tokens.”