LedgerPrime

LedgerPrime was a prominent digital asset investment firm based in Miami, United States, operating as a subsidiary of Ledger Holdings Inc. Established as a quantitative hedge fund, the firm specialized in sophisticated market-neutral strategies within the cryptocurrency space. Its core focus involved exploiting pricing inefficiencies through arbitrage, basis trading, and derivatives, aiming to generate returns irrespective of market direction. This approach differentiated LedgerPrime from many directional crypto funds, emphasizing risk management and algorithmic trading over speculative long or short positions.

At its operational peak, LedgerPrime managed a substantial portfolio, reportedly overseeing more than $400 million in assets under management (AUM). The firm was recognized for its advanced technological infrastructure and its ability to execute complex trading strategies across various digital asset exchanges. Its investment methodology was designed to provide consistent returns by capitalizing on spreads and volatility, rather than making direct equity investments in early-stage blockchain companies or startups.

However, the challenging market conditions of 2022, exacerbated by significant industry events, led to the decision to wind down LedgerPrime's hedge fund operations. The firm ceased its trading activities and began returning capital to investors in late 2022, citing the severe impact of the broader crypto downturn and direct exposure to the collapse of the FTX exchange. This closure marked a notable event in the digital asset hedge fund landscape, reflecting the pressures faced by even well-established quantitative players in a volatile market.

Given its operational model as a quantitative trading hedge fund, LedgerPrime's activities did not involve making typical 'first cheque' equity investments into private companies. Therefore, the concepts of minimum and maximum check sizes, as commonly understood in venture capital, are not applicable to its historical investment profile.