DARMA Capital is going all-in on cryptocurrency. The firm’s flagship fund is an Ether-heavy portfolio with $100 million in digital assets under management. The fund’s goal is to continue accumulating Ethereum at 1 percent of the fund’s holdings per month.
The fund is helmed by a number of high-profile executives from ConsenSys, a blockchain technology conglomerate created by Ethereum co-founder Joseph Lubin. As DARMA’s first corporate client, Lubin has high expectations for Keys’ appointment.
“As a foundational member of ConsenSys Solutions, Andrew was a key driver in opening up the Ethereum ecosystem to enterprise,” said Lubin. “I expect Andrew’s new role at DARMA will enable him to continue his work in strengthening and fostering communication and cohesion in our ecosystem.”
Keys co-founded ConsenSys Capital and the Enterprise Ethereum Alliance and operates DARMA Capital as a managing partner. Other partners include ConsenSys alumni James Slaza, the former head of Capital Markets—and John Slaza, the founder of JS Services, a quantitative trading analytics company.
Unlike ConsenSys, which is focused on the technical aspects of the Ethereum blockchain, DARMA Capital, under Keys, is focused on the “financial aspects” of the platform.
The fund is registered with the CFTC as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA). Only accredited investors, family offices, and institutions can participate in the fund.