Investment management services provided by Cypher Capital (BVI) Limited
An Actively Managed Certificate (AMC) is a structured crypto investment product that packages a discretionary investment strategy into a tradeable security with an ISIN — giving investors exposure to digital asset and blockchain strategies through a familiar, bankable format.
Unlike traditional funds, Actively Managed Certificates (AMCs) offer a streamlined path to institutional-quality crypto investment strategies without the complexity of fund subscription documents, lengthy KYC processes, or direct interaction with blockchain infrastructure.
Each AMC has a unique ISIN, making it purchasable through standard banking channels
Certificate value tracks the underlying strategy performance directly
Issued via a regulated Luxembourg securitisation fund with segregated, ring-fenced compartments
Subscribe and redeem through established clearing systems (liquidity terms vary by product — daily to monthly for yield strategies)
Investors gain exposure without managing wallets, keys, or DeFi protocols directly
We bridge the gap between institutional investors and digital asset opportunities. Our Actively Managed Certificates (AMCs) deliver crypto-native returns through a familiar, bankable format — from yield strategies to actively managed blockchain investment exposure. Designed for UAE and global investors seeking regulated crypto access.
Invest by simply quoting the ISIN to your private bank or broker. No crypto exchange accounts, wallets, or technical setup required.
Luxembourg-regulated structure with Kaiser Partner Privatbank custody, SIX SIS depository, and Euroclear/Clearstream settlement. Your assets benefit from established financial infrastructure.
Transparent, competitive pricing that lets you keep more of your returns.
Subscribe and redeem through established clearing systems with liquidity tailored to each strategy. Our yield products offer daily to monthly liquidity with no lock-ups beyond the optional early redemption period.
Strategies designed and monitored by experienced digital asset professionals. Systematic risk frameworks with defined parameters for each strategy.
Clear legal structure under Luxembourg securitisation law. Bloomberg-listed pricing. Designed for qualified investors seeking compliant crypto exposure.
Three distinct crypto investment strategies designed to capture returns across the entire digital asset ecosystem — from yield-focused to actively managed. Each Actively Managed Certificate (AMC) addresses different risk appetites, return objectives, and liquidity preferences.
ISIN: CH1517136789
Delta-neutral yield generation through funding rate arbitrage and synthetic dollar strategies.
Captures yield from the premium typically paid by leveraged long positions in crypto derivatives markets. The strategy maintains market-neutral exposure, meaning returns are largely uncorrelated to Bitcoin or Ethereum price movements.
Underlying Protocols
Ethena (USDe), Pendle, Falcon Finance (USDf), and similar delta-neutral yield instruments.
Primary Risks
Funding rate variability, exchange counterparty exposure, execution risk.
Target Yield
Up to 20% p.a. (variable, market dependent)
Risk Profile
Moderate — Higher variability, higher upside potential
Management Fee
1.50% p.a.
Performance Fee
None
Currency
USD
Minimum Investment
USD 100,000
Liquidity
Daily valuation, Daily redemptions (best efforts)
Bloomberg
Listed (FIGI: BBG01Z5J4WZ1 / Ticker: DC4482261)
ISIN: CH1529908092
Stable yield from overcollateralised lending to institutional borrowers on leading DeFi protocols.
Generates returns by supplying liquidity to premier decentralised lending platforms where all loans are secured by 120%+ liquid digital asset collateral (BTC, ETH, SOL). Automated liquidation mechanisms protect principal in volatile markets.
Underlying Protocols
Maple Finance, Aave, Morpho, Fluid, and similar institutional lending platforms.
Primary Risks
Smart contract risk, liquidation efficiency in extreme volatility, protocol counterparty risk.
Target Yield
8–12% p.a.
Risk Profile
Lower — Capital preservation focus
Management Fee
1.50% p.a.
Performance Fee
None
Currency
USD
Minimum Investment
USD 100,000
Liquidity
Monthly valuation, Daily redemptions (best efforts)
Bloomberg
Listed (FIGI: BBG0200C0LP6 / Ticker: YI7268661)
ISIN: Pending
Active digital asset strategy mirroring Cypher's flagship fund approach — delivered through an ISIN-backed security.
An actively managed digital asset strategy that mirrors the investment approach and objectives of the Cypher Digital Fund. The AMC operates as an independent portfolio with the same investment manager, strategy, and liquidity terms as the Fund.
Underlying Protocols
Independent actively managed portfolio (mirrors Cypher Digital Fund investment approach).
Primary Risks
Crypto market volatility, directional exposure, manager discretion risk, illiquidity in venture side pockets.
Target Return
Active alpha generation
Risk Profile
Higher — Directional crypto exposure
Management Fee
2.50% p.a.
Performance Fee
25% (above high-water mark)
Currency
USD
Minimum Investment
USD 100,000
Liquidity
Monthly subscriptions, Semi-annual redemptions
Lock-Up
2 years initial (no early redemption during lock-up)
Redemption Notice
90 days
Redemption Gate
Up to 25% of total NAV per redemption period
| Feature | Market Neutral Yield | Secured Yield | Digital Fund Mirror |
|---|---|---|---|
| Status | Live | Live | Coming Soon |
| ISIN | CH1517136789 | CH1529908092 | Pending |
| Bloomberg | DC4482261 | YI7268661 | Pending |
| Strategy Type | Delta-neutral arbitrage | Overcollateralised lending | Active crypto management (mirror strategy) |
| Target Yield | Up to 20% p.a. | 8–12% p.a. | Alpha-driven |
| Volatility | Moderate | Low | Higher |
| Derivatives Used | Yes | No | Yes |
| Management Fee | 1.50% | 1.50% | 2.50% |
| Performance Fee | None | None | 25% |
| Minimum Investment | USD 100,000 | USD 100,000 | USD 100,000 |
| Ideal For | Yield-seekers comfortable with variability | Conservative investors prioritising capital preservation | Investors seeking active crypto exposure with longer investment horizons |
| Subscriptions | Daily | Monthly | Monthly |
| Redemptions | Daily (best efforts) | Daily (best efforts) | Semi-annual (90-day notice) |
| Lock-up Period | None (1% early redemption fee in Year 1) | None (1% early redemption fee in Year 1) | 2 years initial |
| Underlying | DeFi protocols (Ethena, Pendle, Falcon) | DeFi lending (Maple, Aave, Morpho, Fluid) | Direct asset ownership |
"Daily (best efforts)" means investors can submit redemption requests on any business day. Settlement depends on the ability to unwind underlying DeFi positions and may be deferred in stressed market conditions.
Investing in Cypher Capital's Actively Managed Certificates (AMCs) is straightforward. As ISIN-backed crypto investment securities, our products are accessible through standard banking channels — making blockchain investment as simple as buying any other structured product.
Our AMCs are available to Qualified Investors, Professional Investors, and Accredited Investors only. The USD 100,000 minimum denomination ensures compliance with applicable regulations.
Provide the relevant ISIN to your private bank, wealth manager, or broker. They can purchase the AMC on your behalf through Euroclear, Clearstream, or SIX SIS.
Standard T+2 settlement applies. Your holding will appear in your securities account like any other structured product.
Live Product ISINs & Bloomberg Tickers
For larger allocations, bespoke arrangements, or questions about our Actively Managed Certificates (AMCs) and crypto investment products, contact our UAE-based team directly.
Investment Manager: Investment management services are provided by Cypher Capital (BVI) Limited, a Business Company incorporated in the British Virgin Islands.
Regulatory Notice: Cypher Capital (BVI) Limited is NOT licensed or regulated by the Central Bank of the UAE (CBUAE), the Securities and Commodities Authority (SCA), or the Virtual Assets Regulatory Authority (VARA). Financial services are provided offshore and are not offered to the general public in the UAE.