Crypto Hedge Fund Tyr Capital Integrates With Digital Currency Custodian Copper

Blockchain, Innovation, News | March 18, 2021 By:

Cryptocurrency hedge fund Tyr Capital has integrated with London-based digital asset infrastructure provider Copper to elevate its security and investor confidence features with innovative technology.

Tyr Capital is a multi-strategy crypto hedge fund focused on generating alpha through a diversified set of arbitrage and relative value strategies. 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.

Founded in 2018, Copper offers custody, prime brokerage, and settlements across 150 digital assets and more than 25 exchanges. 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 the company’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks. 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.

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.

According to the release, Copper will produce three key shards, all of which will be needed to verify and authorize 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.

“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,” said Ed Hindi, CIO of Tyr Capital. “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.”

“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,” said Boris Bilowitzki, CRO at Copper. “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.”