IDEG Appoints Coinbase Prime as Strategic Partner to Launch Ethereum Enhanced Portfolio

Asset Manager IDEG has announced Ethereum Enhanced Portfolio as part of its new TIMES product suite with Coinbase Prime as its strategic partner.

The new fund will be part of the “TIMES” product suite. It stands for Trust, Interest, Mining, Yield Earnings, Structured Solutions.

TIMES product suite

A new actively managed investment vehicle tracks ETH performance. The ultimate goal is to improve investor returns by acquiring spot and futures bases in arbitrage strategies while minimizing the frequently fluctuating delta exposure of assets. According to the official press release, this strategy aims to outperform Ethereum.

Times’ suite of products provides qualified investors with exposure to digital assets through professionally managed third-party custody services. IDEG’s product partner, Emma Hu, emphasized the difficulty of institutional investors including DeFi’s “on-chain” strategy in their asset allocation, despite potential positive returns. She continued:

“IDEG’s portfolio of managed fund products provides excellent alternative solutions for gaining exposure to various cryptocurrencies. The Ethereum Enhanced Portfolio is the first such product and a qualified investor. Offers the opportunity to take advantage of Ethereum, the most prestigious smart contract platform, while enhancing risk-adjusted returns compared to owning Ethereum. “

Based in the British Virgin Islands, IDEG Asset Management Limited is an IDEG Group offshore fund manager licensed by a BVI Certified Manager. Designed to manage the investment of various products in TIMES product shelves. The latter is a multi-strategic thematic product shelf focused on institutional investors to access market opportunities for various risk exposures to access the digital asset space.

Relationship with Coinbase

Coinbase will act as IDEG’s prime broker and custodian, expanding partnerships that can be traced back to 2019. Kayvon Pirestani, Head of Coinbase Institutional Sales at APAC, commented on the same policy, adding:

“We are excited to expand our relationship with IDEG and support the development of innovative crypto investment products. We provide best-in-class service to achieve shared success and more. We are committed to attracting many professionals and institutional investors to this area to achieve further market growth. “

Going forward, asset managers plan to develop additional thematic funds under the Times. These could be actively managed multi-coins, decentralized finance (DeFi) yield farming, and GameFi / Metaverse Play-to-Earn (P2E) internal strategies.