Fund Administration for Cryptocurrency Funds


Voted # 1 Administrator for Digital Assets, NAV Fund Administration Group is the industry’s largest and most experienced cryptocurrency fund administrator – we currently work with more than 600 crypto funds. NAV’s depth and breadth of crypto experience offers distinct advantages in crypto-focused technology and dedicated in-house resources, along with the most competitive fee structure in the industry:
  • Connectivity to more than 140+ exchanges and counterparties
  • Experienced with complex crypto strategies, including altcoins, DeFi, NFTs, ICOs, and Greyscale
  • Established process to accept and manage Contribution in Kind transactions
  • Flexible support for custodial services, including self-custodial accounts, ICOs, public/private blockchains, hot/cold wallets, and ERC-20 tokens
To make the best decision about which cryptocurrency fund administrator to work with, your evaluation must be based on experience, expertise, and technology, among many other critical factors. Why choose NAV? We’ve created a comparison chart covering key categories for your review. View Services >
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NAV FUND ADMINISTRATION GROUP

OTHER CRYPTOCURRENCY ADMINS

Pricing

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • $2,500 -$4,000 per month minimum.
  • Long lockup periods.
  • Unnecessary extra fees.

Industry Recognition and Surveys

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • No major recognition in the crypto industry.

Experience with Crypto Funds

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • NAV ranks among the top cryptocurrency fund administrators and has a focused crypto experience.
  • Highly experienced with DeFi, offering fully automated solutions on both fund accounting and IT sides.
  • Less industry knowledge and staff experience.
  • Manual processes to handle DeFi transactions.

Reporting and Delivery Timelines

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • Daily reports including NAV are delivered between 7 a.m. - 8 a.m. EST.
  • Month-end reporting for 80% of our crypto funds are delivered within five days after month-end and all funds are delivered within 2-3 weeks.
  • Exchange-level reporting displaying positions by location.
  • Very limited or no daily NAV reporting.
  • Long delayed month-end reporting, including some lag times of 60-90 days.
  • No exchange-level reporting.

Institutional Appeal

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • NAV is registered with the Cayman Islands Monetary Authority (CIMA) -- using a licensed administrator subject to regulatory oversight for Caymans Islands-domiciled funds provides reassurance to institutional investors, especially foreign investors.
  • NAV is regarded positively by large institutions and has successfully undergone numerous institutional audits and site visits.
  • No other cryptocurrency fund administrator currently holds CIMA registration.
  • No reputation with large institutions.

Successful Track Record

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • NAV has retained all our cryptocurrency clients and onboarded clients from all other administrators.
  • Rapid growth via acquisitions or mergers may cause technology and staffing instability.

Client Support

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

  • Quick response times and higher client satisfaction.
  • Delayed client service and response time.

Cryptocurrency Fund Services

  • Daily, Weekly, Monthly, Quarterly or Inter-Period NAVs
  • Comprehensive Trade and Position Reconciliation
  • Established API connectivity with the highest number of on-boarded API exchanges in the industry
  • Proficient with calculations of numerous bespoke derivative products across multiple exchanges
  • Independent pricing via API connectivity
  • Independent ownership verification through cryptocurrency custodians
  • Knowledgable on ICOs, public/private blockchains, hot/cold wallets, ERC-20 tokens, and forks
  • Experienced with different trading strategies such as staking, mining, and high frequency trading
  • Management and performance fee calculations
  • Cash reconciliation
  • Partnership, multi-series, and equalization accounting
  • Complete audit support
  • Complete Support for investor due diligence and onsite visits
  • Experienced with ICOs, Public & Private Blockchains, Hot Wallets &Cold Wallets, ERC - 20 tokens, and Forks
  • Connectivity to qualified Cryptocurrency Custodians
  • Proprietary Portfolio reconciliation Technology for Cryptocurrencies
  • Dedicated IT and Fund Accounting Teams focused on Cryptocurrency Funds
  • Process Subscriptions and Redemptions
  • Investor Due Diligence (AML, KYC, OFAC, ERISA)
  • Secure Investor Reporting & Investor Web Portal
  • Direct Transaction Confirmations
  • US FATCA, UK FATCA & CRS Compliance
  • SEC Form PF
  • NFA/CFTC Reporting and Audit Support
  • OPERA Reporting
  • Cash Management via dual-controlled wire processing
  • Client Web Portal with Data Mining, Custom Reports, and Advanced Risk Reporting
  • Daily Trade Break Reconciliation
  • GAAP and IFRS Reporting
  • Computation of financial highlights
  • Preparation of footnotes to financial statements

Awards & Recognition

PROOF OF CONCEPT

NAV offers a complimentary, risk-free trial

Making the decision to transition to a new fund administrator often raises concerns about disruption, security, and added costs. NAV eliminates those concerns with our unique Proof of Concept program, offering the opportunity to existing funds that qualify to fully trial NAV services with minimal risk and maximum upside.

LEARN MORE
VIEW OUR CLIENT TESTIMONIALS
We look forward to hearing about your fund and introducing you to NAV – the industry’s leading cryptocurrency fund administrator.