DrawBridge Lending, d/b/a DBL Digital, a National Futures Association registered Commodity Pool Operator and Commodity Trading Advisor that helps investors monetize bitcoin and other cryptocurrency holdings through investment and financing products, has expanded their product offering for cryptocurrency investors utilizing services offered by Gemini Trust Company, LLC, a cryptocurrency exchange and custodian.
“DBL Digital occupies a unique space in the industry offering sophisticated structures, robust risk management, and a priority on the safety of customer collateral. Combining forces with Gemini is a win-win for investors,” said Jason Urban, CEO of DBL Digital. “We look forward to continuing our relationship with Gemini and building out additional investment vehicles within the Gemini ecosystem.”
DBL Digital facilitated the implementation of a yield-enhancing strategy that provided above-market returns for Libertas Fund LLC, a quantitative multi-strategy digital asset fund managed by Hyperion Decimus (although past results are not necessarily indicative of future results). Gemini Trust served as the escrow agent to support the offering.
Hyperion Decimus desired a solution to produce a yield and hedge on its digital asset holdings at Gemini Custody™.
“Hyperion Decimus sought out an effective and transparent way to implement a strategy that provided both yield and a hedging component on our digital assets and we were excited that DBL Digital could offer this solution utilizing Gemini Custody™ to efficiently and securely execute the strategy,” said Chris Sullivan, Principal/Portfolio Manager at Hyperion Decimus.
“Firms like DBL Digital and Hyperion Decimus continue to help drive the maturation of the digital asset trading landscape. These services demonstrate to the market that investors can participate in bespoke transactions while maintaining confidence that their assets are safeguarded by a premier licensed custodian,” said Brian Keogh, Principal at Gemini.
“We’ve chosen to work with Gemini because they are a regulated qualified custodian. Their institutional-grade, offline custody solution met our security concerns and provides many helpful features including sub-accounts and the instant ability to trade out of offline storage,” says DBL Digital President and Chairman, Thomas Anderson. “Additionally, Gemini is one of the only exchanges to offer a clearing product specifically for the crypto market. We feel their innovation matches our desire to think outside-the-box to offer clients sophisticated financial solutions to serve their ever-growing needs.”