Key Takeaways
- • ML Tech, a Miami-based non-custodial digital asset investment management platform, raised $1.9 million in a funding round led by Belvedere Strategic Capital, Hyperithm, and Nascent.
- • The company's assets under management (AUM) reached $45 million as of late 2022, a 9x increase from $5 million in June 2022, demonstrating rapid institutional adoption of its algorithmic trading infrastructure.
- • ML Tech secured Commodity Trading Advisor (CTA) registration with the CFTC in fall 2022, a regulatory milestone that positions the platform to onboard institutional investors from its pipeline and operate within U.S. futures markets.
- • Founded in May 2020 by CEO Leo Mindyuk and CTO Markus Leballeux, the platform offers institutional investors separately managed accounts (SMAs) with algorithmic trading strategies, 24/7 risk management, and advanced analytics on high-frequency, low-latency infrastructure.
- • Belvedere Strategic Capital's investment reflects confidence in low-beta, systematic crypto trading strategies as an institutional asset class, with the investor noting appreciation for quantitative trading approaches in digital assets.
Summary
ML Tech, a Miami-based cryptocurrency investment management platform, announced a $1.9 million funding round closed in late 2022, with participation from three institutional investors: Belvedere Strategic Capital, Hyperithm, and Nascent. The raise positions the company to expand its institutional crypto trading infrastructure at a time when traditional asset managers are increasingly evaluating digital asset allocations.
The company operates a non-custodial digital asset management platform that provides institutional investors with access to automated, algorithmic trading strategies executed on proprietary high-frequency, low-latency infrastructure. ML Tech's separately managed accounts (SMAs) model grants investors full ownership and control of their assets while providing access to institutional-grade trading tools, 24/7 risk management, and performance analytics across multiple crypto exchanges. The platform charges institutional rates and handles exchange integration, reducing operational friction for trading teams seeking to deploy capital in crypto markets.
Growth metrics indicate significant institutional traction. AUM surged to $45 million by year-end 2022, up from $5 million in June 2022—a nine-fold increase within six months. This expansion reflects growing institutional demand for managed digital asset strategies. The company's founding team—CEO Leo Mindyuk and CTO Markus Leballeux, who established ML Tech in May 2020—has built the platform specifically to bridge institutional capital with quantitative crypto trading expertise. In fall 2022, ML Tech obtained Commodity Trading Advisor (CTA) status from the U.S. Commodity Futures Trading Commission, a regulatory designation that permits the firm to manage client assets in futures and derivatives while onboarding institutional investors already in its sales pipeline.
Belvedere Strategic Capital Partner Ryan Sullivan emphasized the investment thesis in a statement, highlighting the firm's background in quantitative trading and its conviction that low-beta, systematic strategies enhance portfolio diversification within broader institutional allocations. This rationale reflects a broader institutional shift toward systematic digital asset exposure rather than speculative holding strategies.
The company operates a non-custodial digital asset management platform that provides institutional investors with access to automated, algorithmic trading strategies executed on proprietary high-frequency, low-latency infrastructure. ML Tech's separately managed accounts (SMAs) model grants investors full ownership and control of their assets while providing access to institutional-grade trading tools, 24/7 risk management, and performance analytics across multiple crypto exchanges. The platform charges institutional rates and handles exchange integration, reducing operational friction for trading teams seeking to deploy capital in crypto markets.
Growth metrics indicate significant institutional traction. AUM surged to $45 million by year-end 2022, up from $5 million in June 2022—a nine-fold increase within six months. This expansion reflects growing institutional demand for managed digital asset strategies. The company's founding team—CEO Leo Mindyuk and CTO Markus Leballeux, who established ML Tech in May 2020—has built the platform specifically to bridge institutional capital with quantitative crypto trading expertise. In fall 2022, ML Tech obtained Commodity Trading Advisor (CTA) status from the U.S. Commodity Futures Trading Commission, a regulatory designation that permits the firm to manage client assets in futures and derivatives while onboarding institutional investors already in its sales pipeline.
Belvedere Strategic Capital Partner Ryan Sullivan emphasized the investment thesis in a statement, highlighting the firm's background in quantitative trading and its conviction that low-beta, systematic strategies enhance portfolio diversification within broader institutional allocations. This rationale reflects a broader institutional shift toward systematic digital asset exposure rather than speculative holding strategies.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.