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    Monarq Asset Management

    Grand Cayman, Cayman IslandsFounded 2017
    www.monarq-am.comLinkedIn
    Crypto & Web3

    Monarq Asset Management (formerly LedgerPrime and MNNC Group) is a quantitative and systematic digital asset investment firm. Originally founded in 2017 as LedgerPrime, it employs a technology-first, data-centric approach to cryptocurrency markets and also operated a venture arm investing in early-stage Web3 and blockchain companies. The firm was acquired by FTX US in 2021, wound down after FTX's bankruptcy, and relaunched under its current name in 2024.

    50% of their portfolio is in Crypto & Web3. Average disclosed round size is $3.7M (across 8 rounds with reported amounts).

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    Portfolio

    7

    Fund Size

    —

    Top Stage

    Unknown

    Last 12 Mo

    0

    Team

    ST

    Shiliang Tang

    Managing Partner

    AZ

    Artem Zadorozhnyi

    Director of Engineering

    CC

    Christine Chang

    Director of Strategy

    GL

    George Lam

    Director of Equities and Equity Derivatives Research

    SC

    Shreyas Chari

    Director of Trading - Head of Derivatives

    WP

    William Purdy

    Director of Business Development

    MC

    Mahindra Choudhary

    Quantitative Analyst

    DB

    Dr. Boris Iyutin

    Chief Investment Officer - Delta Neutral Fund

    SR

    Sanat Rao

    Chief Investment Officer - BTC Fund

    AK

    Ayesha Kiani

    Chief Operating Officer

    DJ

    Dr. Johannes van Zeijts

    Chief Technology Officer

    SG

    Sam Gaer

    Chief Executive Officer

    Portfolio Breakdown

    Stage Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    8 investments
    CompanyRoundAmountDate
    EElixir ProtocolSeries A$7.5MOct 2023
    MoHash logoMoHashSeed$6MJun 2022
    PPsyOptionsUnknown$3.5MOct 2021
    Dexlab logoDexlabUnknown$1.4MJun 2021
    AApricot FinanceUnknown$800KJun 2021
    Dexlab logoDexlabUnknown$1.4MJan 2021
    Apricot logoApricotUnknown$4MJan 2021
    ClayStack logoClayStackSeed$5.2M—

    Top Co-Investors

    NGC Ventures4 shared
    Genblock Capital3 shared
    CMS Holdings3 shared
    Hashed2 shared
    Coinbase Ventures2 shared
    Delphi Ventures2 shared
    Valhalla Ventures2 shared
    Gate Labs2 shared
    Lemniscap2 shared
    SkyVision Capital2 shared
    Bixin Ventures2 shared
    CMS2 shared
    Animoca Brands1 shared
    The Spartan Group1 shared
    DeFiance Capital1 shared
    CoinFund1 shared
    Republic1 shared
    ParaFi Capital1 shared
    The LAO1 shared
    Hypersphere Capital1 shared

    Last updated: 7 October 2026