Treasury Services Overview
Separately Managed Accounts
- Segregated portfolios with bespoke investment strategies
- Two options: sub-account structure under Ethel Point, or separate British Virgin Islands business entity
- High-touch, white-glove service with personalized advice
Portfolio Strategies
- Digital asset yield strategies facing centralized and decentralized counterparties
- Digital asset derivative strategies designed to capture additional yield and fine-tune risk
- A range of vetted custody providers and counterparties available, reviewed for risk
Liquidity Services
- Assisting protocols and UHNW with liquidity
- Active trading management designed to accommodate efficient transactions and manage risk
- Multiple yield and liquidation strategies to suit different timelines and risk profiles
Stablecoin Case Study
Analyzing the Ethel Point investment team’s active management of an adverse market event
Saturday, May 7th, 2022
Ethel Point team takes action
While monitoring all open positions and the overall ecosystem, Ethel Point’s DeFi & trading team noticed signs of instability regarding UST (increased price volatility, imbalanced Curve pool) and swiftly removed all exposure (approx. $16m) to mitigate risk.
Sunday, May 8th, 2022
Calm before the storm
On Sunday the peg appeared to stabilize, fooling many other investors into believing the storm had passed. However, our analysis of the underlying metrics indicated more turmoil to come.
Monday, May 9th, 2022
UST begins to fully depeg
Mass panic ensues among investors as UST begins to rapidly lose its peg. In a matter of hours, UST depegged by over 34%, wiping out billions of dollars in value.
Friday, May 13th, 2022
Decisive action pays off for Ethel Point
UST peg fails entirely, diving below $0.10 as the value of LUNA goes to zero. All crypto prices tumble as panic spreads throughout the market.
Risk Management Process
Ethel Point’s risk management framework and credit due diligence helped avoid any exposure to distressed entities following UST’s collapse in May 2022.
Due Diligence Process
Ethel Point’s Credit Due Diligence of potential counterparties led our Senior Credit Review Committee to avoid any relationships with many of the counterparties that came under pressure in June of 2022. Our Credit Due Diligence Analysis includes:
- Review of their Organizational Chart, Corporate Legal Structure, and Balance Sheet*
- Extensive questionnaire of Risk Management & Security Structures, Counterparty Diversification/Concentration, and
impactful credit or liquidation events.
Quick Action & Exposure Reduction
Terra’s demise and ensuing market events led 3AC and a number of CeFi lenders to face insolvency issues, affecting the entire crypto market. During these events Ethel Point quickly and successfully worked to remove exposure to distressed CeFi counterparties.
Ethel Point has since taken more of a risk-off approach in managing client assets during turbulent times, and will continue to evaluate market conditions for disciplined deployment of client assets.
Competitive Advantage
Unique advantages compared to similar service providers
Ethel Point is an Investment Adviser focused exclusively on digital assets. We have a fiduciary duty to put our clients’ interests ahead of our own.
Being a registered investment adviser* also keeps our fee structure2 simple. Our fees include custody fees.
Fiduciary = legally obligated to work for your best interests alone, a higher standard than broker/dealers and unregulated providers of crypto investment management services.
Client assets are held in Separately Managed Accounts (SMAs) or Separately Managed Entities (SMEs). Each SME is a British Virgin Islands-domiciled entity, facilitating asset and liability segregation in an offshore structure designed to be tax neutral.
Fees
*The fees and costs associated with Treasury Management Services may vary and are negotiable. The fees stated are representative of the typical fees charged to investors. Performance Fees apply only to Qualified Investors. Fees charged for Options, Futures and Performance are in addition to the Per Annum management fee. Other costs may apply. Please see the Investment Management Agreement for specific fees and costs attributable to the account.
1%
Per Annum
On assets under management
15%
Of Option Premiums
Generated using Ethel Point’s Derivative Strategies
10%
Of Performance
On all DeFi yields generated (Qualified Investors Only)
0.1%
Of Futures Contracts
Calculated on notional value
DeFi expertise
- Decentralized finance (DeFi) applications are composable, which generates sophisticated, complex, and ever-changing capital markets.
- Ethel Point applies its sophistication to identify and executes DeFi strategies designed for yield generation.
*The above is a summary presented for illustrative purposes only. There is no guarantee that Ethel Point will invest, or continue to invest, in the blockchains, protocols, platforms or marketplaces shown above. The examples are not meant to be representative of every blockchain, protocol, platform or marketplace and represent a set of examples for illustration purposes only.*
**Provided for illustrative purposes only. This slide contains a simplified representation of a complex process. The above investment process may materially differ from what is displayed above.**
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How to Invest in the Ethel Point SAYF Fund
get startedServices
Our team has deep institutional experience managing third-party capital across traditional and decentralized finance, in particular venture capital, derivative, lending, and staking expertise.
In addition, we have built strong relationships with institutional service providers leveraging our blockchain and digital assets network across the world.
Treasury Management
Ethel Point’s Corporate Treasury Management services include digital asset lending programs and derivative strategies designed to capture additional yield and fine-tune risk, with a range of qualified custodians and counter-parties. Ethel Point also operates across multiple DeFi protocols for lending, borrowing, trading, yield farming, staking, and mining. Ethel Point applies our deep experience in digital asset strategies to bespoke risk managed portfolios. Ethel Point is UK COMPANY HOUSE regulated focused exclusively on digital assets, and have a fiduciary duty to protect our clients.
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Wealth Management
Your ultimate solution for digital asset portfolio management, combining custody, execution, and tailored investment strategies.
Ethel Point is a leader and pioneer in digital asset investment management. We are focused exclusively on digital assets, our offering is designed to provide the ultimate all-in-one portfolio solution for corporate and individual investors, and we have taken steps to ensure that assets are secure, growing, and generating income.
Protocol Inventory Management
Tokenized staking fund for your protocol. Programmable liquidity through fully-compliant global exchanges. We deal with all the administrative hurdles providing you the ease of use
Learn MoreInvestment Funds
Ethel Point’s investment team draws on decades of asset management expertise to offer actively-managed strategies.
