“Technology when it’s disruptive, doesn’t disrupt everywhere at once,” Mr Galvin said.
“It’s undeniable bitcoin has earned itself a place as a new form of asset class or digital gold. It’s found a place in the asset stack, you’ve got the same people trading treasuries, equities, commodities, that now also incorporate bitcoin into their portfolios. That’s a dramatic win. That’s the proof of concept for this technology that says if it can get scale it can attract capital.”
Plans to expand
DACM’s team of 13 is largely recruited from the traditional finance and tech sectors and includes former UBS Australia head Bryce Doherty. Staff functions are roughly split between asset research and those focused on open-source integration to the digital asset ecosystem.
The research team assesses coins for utility, project quality, user growth and revenue potential, said Mr Galvin. “The other half of the team actually builds the infrastructure and runs the nodes to validate them, so we participate in networks to run nodes that process transactions and keep these blockchains running. It’s important to understand what’s happening at the coalface, to talk to developers – as opposed to the marketers – to understand what they’re trying to build and how robust what they’re building is.”
Mr Galvin acknowledged the regulatory environment around certain crypto investments remains uncertain and said DACM’s holistic approach has helped it deliver superior returns. “We’ve outperformed because we avoided a lot of that kind of flash-in-the-pan hype stuff and bought more fundamental assets that’ve been able to weather the insane volatility better than others,” he said.
The minimum investment in DACM’s flagship British Virgin Islands domiciled DACM Global Digital Asset Fund is $US250,000 with a 12-month lock-up period.
