Tyr Capital, an industry-leading cryptocurrency hedge fund, has integrated with Copper in order to elevate its security and investor confidence features with innovative, top-end technology.
Investors placing funds with Tyr will be guaranteed greater security by Copper’s proprietary technology, which reinforces sophisticated internal processes with further protection against human error, fraud, or theft.
Copper’s walled garden solution creates an ecosystem that makes it impossible for fund administrators to steal funds, while mitigating against wallet keys going missing or being forgotten. Tyr is embracing Copper’s key sharding solution, which is becoming widely recognised as best practice amongst digital asset owners.
Rather than producing a single key that might be lost or forgotten to grant access to a wallet, Copper will produce three key shards, all of which will be needed to verify and authorise transactions in and out of the fund. Copper will hold one key, Tyr Capital another, and another will be held by a trusted third party.
The key shards are underpinned by ultra-secure multi-party computation (MPC) technology, which is the highest level of security in key management encryption.
The ecosystem also provides further checks to fund activity on top of Tyr Capital’s already rock-solid internal processes – making mistakes near-impossible.
Since launching in 2019, the hedge fund has consistently delivered double digit returns. Last year, Tyr Capital delivered returns of over 35% at a Sharpe ratio of 6.5 – cementing its position as one of the best in the industry.
Ed Hindi, CIO of Tyr Capital said: “Copper was an obvious choice for us. We recognised that for a lot of investors, especially larger institutions, Copper’s technology is becoming a prerequisite for proving your security standards and instilling trust. Not only this, but also as a company they are more innovative and dynamic than many other solutions we’ve seen out there, and they’ve been incredibly flexible in supporting us.”
Boris Bilowitzki, CRO at Copper, said: “We are pleased to support Tyr Capital in bolstering the security it offers to its investors and, in turn, helping to grow participation in this nascent asset class. By integrating Copper’s unparalleled MPC technology, Tyr is eliminating historic security issues typically associated with owning digital assets and offering utmost peace of mind to its investors.”
Launched in January 2019, Tyr Capital Arbitrage SP (The Fund) is a multi-strategy cryptocurrency hedge fund focused on generating alpha through a diversified set of arbitrage and relative value strategies. The fund has generated exceptional returns for its investors and partners over the last 24 months while maintaining one of the highest Sharpe Ratios in the industry.
The firm's founding partners are seasoned finance professionals with a depth of expertise born out of an established trading pedigree in traditional assets and commodities. Tyr Capital leverages the partners' understanding of a multitude of highly volatile markets and superior risk management to create a dynamic trading team. The team actively identifies and capitalises on opportunities across an extensive range of digital assets.
Tyr Capital is regulated by the FCA under its umbrella provider, Falcon Capital Management.
Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the cryptoasset space for institutional investors by offering custody, prime brokerage, and settlements across 150 digital assets and more than 25 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing cryptoasset space, while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks. Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the cryptoasset space since launching in May 2020.
Our settlements and clearing service is backed by our award winning custody technology