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 450 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 100 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 >

NAV FUND ADMINISTRATION GROUP

OTHER CRYPTOCURRENCY ADMINS

Industry Recognition and Surveys

NAV FUND ADMINISTRATION

OTHER CRYPTO ADMINS

Dozens of industry awards attest to our quality of services, support, and technology including Best Administrator in the Hedgeweek US Digital Assets Awards 2022.

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 70% of our crypto funds are delivered within the first two weeks after month-end and all funds are delivered within three 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

Fund Accounting

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

Reporting Solutions and Expertise

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

Investor Services

Process Subscriptions and Redemptions
Investor Due Diligence (AML, KYC, OFAC, ERISA)
Secure Investor Reporting & Investor Web Portal
Direct Transaction Confirmations

Compliance & Regulatory Support

US FATCA, UK FATCA & CRS Compliance
SEC Form PF
NFA/CFTC Reporting and Audit Support
OPERA Reporting

Middle Office Support

Cash Management via dual-controlled wire processing
Client Web Portal with Data Mining, Custom Reports, and Advanced Risk Reporting
Daily Trade Break Reconciliation

Financial Statement Preparation

GAAP and IFRS Reporting
Computation of financial highlights
Preparation of footnotes to financial statements

Awards & Recognition

Best Administrator for Digital Assets

Best Fund Administrator for small/start-up funds

Best Administrator

Best Admin – Smaller Managers

Best Fund Administrator

Best Fund Administrator for Small/Start-up Funds

Best Administrator - Middle Office Services

Top-Rated Global Fund Administrator

Best Administrator

Best Fund Administrator - Private Credit

Best Administrator – Middle Office Services

Best CTA Administrator

Best Administrator - under $300bn single manager

Best Administrator - small managers

Leading Fund Administrator Servicing CTAs

Most Trusted Hedge Fund Administrator

Leader in Multi-Advisor Platforms & Complexes

Best Managed Account Platform Technology

Most Innovative Fund Administrator

Highly Commended “Best Administrator-Reporting”

Leading Fund Administrator Servicing CTAs

Highly Commended “Most Innovative Fund Administrator-over 30bn”

Hedge Fund Administration Service Provider of the Year USA

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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.

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Cryptocurrencies are volatile and trade 24/7 making crypto hedge funds complicated to manage. The crypto universe changes almost as rapidly as price with constant innovation, new coin listings, and an evolving exchange and custodial landscape. Quick and accurate access to data is essential. It is critical that we have a fund administrator that can keep up with these challenges. NAV Fund Administration Group has made it easy for us to service our clients effectively and has been an expert and trusted partner for us as we manage our current portfolio and onboard new funds.

MATT ROSEN, HYPERION DECIMUS

VIEW OUR CLIENT TESTIMONIALS

We look forward to hearing about your fund and introducing you to NAV – the industry’s leading cryptocurrency fund administrator.