Karatage, a number one London-based proprietary hedge fund specializing in digital belongings and rising expertise, has appointed Shane O’Callaghan as a senior companion and head of institutional technique.
O’Callaghan joins from Dutch market maker IMC Buying and selling, the place he was employed as international head of institutional partnerships and digital asset gross sales for the final 12 months.
Earlier than becoming a member of IMC, O’Callaghan labored at crypto buying and selling platform Portofino Applied sciences as international head of enterprise growth, and in addition as head of Europe, Center East, and Africa (EMEA) for now-defunct crypto lender BlockFi.
”Shane didn’t be a part of as a result of it was protected. He joined as a result of the chance is uncommon — to construct one thing daring, aggressive, and genuinely disruptive from the within out,” stated Marius Barnett, co-founder and CEO at Karatage, in emailed feedback. “He’s stepping away from elite senior roles to assist us execute at the next stage, transfer sooner, and lift the usual throughout every little thing we do.”
Karatage is a hedge fund that invests throughout digital belongings, crypto-native funding funds and corporations constructing infrastructure, services or products for the blockchain financial system. Based in 2017, the agency emerged throughout the early progress of institutional digital asset investing and has remained energetic by means of a number of market cycles.
“At Karatage, we’re not desirous about incremental progress or well mannered ambition. We’re right here to create a dominant drive — and Shane materially strengthens our skill to do exactly that. That is the start of a a lot greater chapter,” Barnett added.
The fund usually takes a thematic strategy, backing applied sciences and companies it believes might have a structural impression on finance and the broader financial system, together with blockchain networks, decentralized finance (DeFi) and associated companies.
Karatage is understood for combining liquid token investments with longer-term bets on firms and managers working within the crypto house.
“The agency’s distinctive mix of proprietary capital, technical depth, and strategic imaginative and prescient is strictly what the market requires right this moment,” O’Callaghan stated in emailed feedback. “I’m excited to hitch Marius, Stephen, and your complete staff to assist drive the agency’s subsequent part of worldwide institutional enlargement,” he added.
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