With over 20 years of experience in traditional financial management, Fortis Digital announces the launch of a digital asset fund to reduce investment friction and volatility Web3
New customers will need 2.5M Minimum net worth to invest
BELLEVUE, Wash., May 18, 2022 /PRNewswire/ — Fortis Digital, a blockchain investment fund, today announced its official launch to bridge the gap between TradFi and DeFi, bringing investors closer to Web3 opportunities. The newly founded team is comprised of hedge fund veterans and technology experts, including Boroughsco-founder of an RIA with $250 million in AUM, and Chris Capriceformer Vice President of Engineering at LegalZoom who created the technology stack that resulted in the company’s IPO in 2021. Additionally, the founders leveraged Cameron Sikesformer founder of Deep Ellum Capital, to lead Web3 business development and evangelism.
“Although still in its infancy, we believe that the efficiency and value created through blockchain ecosystems will accelerate global GDP and usher in a new era of disruption and innovation,” said Boroughs, Managing Partner and co-founder of Fortis Digital. “Our goal is to help people step into Web3 and Crypto on the ground floor to participate in the rise of a generational paradigm shift in technology. In an industry known for its volatility, we are one of the few to actively manage downside risk, outperforming broader indices during market declines.
The fund’s mission is to make blockchain investing as transparent as possible by using asset allocation, risk management and position sizing to professionally invest in a new frontier of digital assets. Through thorough due diligence combined with strong risk management, Fortis Digital invests in innovative, secure and scalable software projects designed by the brightest engineers.
“We believe blockchain technology offers a new way to build businesses, hire employees and scale a business with limited resources,” said Chris Capriccio, CTO and co-founder of Fortis Digital. “Blockchain represents the next evolution of software systems, radically changing our current standards of scalability, transparency and governance in financial and non-financial ecosystems. We are removing the technical barriers to managing a portfolio of digital assets and , with our guidance, clients don’t have to worry about understanding the intricacies and security of these blockchain projects.”
To help clients avoid major pitfalls and significant gaps between market perception and reality, Fortis Digital uses a 100-point assessment due diligence process to perform a fundamental analysis of the business structure. and reviews of leadership, technology, and tokenomics to determine which coins have the most favorable risk-reward profile. In-depth market analysis is also performed to determine entry and exit points, allowing portfolio exposure to be adjusted as market conditions change.
For more information about Fortis Digital, visit: https://www.fortisdigital.io
About Fortis Digital
Fortis Digital is a leading digital asset fund that tames the complexity of blockchain investing, while connecting investors to top Web3 software projects. Backed by a team of technology experts, Fortis Digital performs due diligence on the best digital assets to own in the space while managing security and hedging to reduce volatility. The fund was built on deep expertise in software development and the notion that blockchain represents the next evolution of software replacing inefficient processes by improving speed, reliability, transparency and governance across ecosystems.
Disclosure: This press release does not contain all of the information that a potential investor may wish to consider investing in Fortis Digital Asset Fund LP (“the Fund”) and is qualified in its entirety by reference to the more contained in the private placement memorandum relating to the Fund and the Fund Limited Partnership Operating Agreement. The Fund is only accessible to accredited and qualified investors.