AltNovel, an investment firm from Abu Dhabi, has partnered with Canadian investment manager 3iQ Corp to unveil the AltNovel Digital Access Portfolio (ADAP). This initiative aims to provide structured exposure to various blockchain assets for institutional and qualified investors while ensuring regulatory compliance.
The growing institutional interest in digital assets in the Middle East is evident as family offices, high-net-worth individuals (HNWIs), and sovereign funds seek investment opportunities in this sector. ADAP is the first multi-strategy fund of its kind in the region, designed to satisfy this increasing demand.
Moreover, the fund aims to attract new investors interested in digital assets, originating from Abu Dhabi’s global financial center, ADGM, operating within its jurisdiction.
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“This partnership is a milestone for AltNovel as we continue to focus on bringing high-quality investment solutions to private investors in the GCC from our home in the ADGM,” stated Stergios Voskopoulos, CEO of AltNovel.
Moreover, he noted, “Digital assets are becoming the next frontier for portfolio diversification, and collaborating with a market leader like 3iQ fits our commitment to offering tailored investment opportunities to institutional clients.”
“We are thrilled to share that 3iQ has teamed up with AltNovel to unveil the ADAP, the first digital asset Multi-Strategy Fund in the Middle East,” announced 3iQ via social media on May 7, 2025.
The ADAP fund aspires to equip investors with a diverse investment strategy spanning cryptocurrencies, decentralized finance (DeFi), stablecoins, and other blockchain technologies.
Meeting Investor Demands and Addressing Concerns
The Middle East is increasingly showing its maturity and eagerness for digital assets. According to a recent report by Chainalysis, significant growth has been observed in large and institutional-sized crypto transfers in the UAE, increasing by over 20% annually.
Despite this growth, many institutional investors express concerns about operational security and market volatility. The ADAP aims to tackle these issues by implementing diversification strategies with risk management as a priority. By adapting to market conditions through its multi-strategy approach, it can integrate various investment strategies, minimizing risk and enhancing stability.
3iQ Corp Chairman and CEO Fred Pye remarked that this launch represents a significant advancement for the region’s digital asset industry. “We are eager to leverage our extensive experience in digital asset management for the Middle Eastern market with AltNovel. We aim to provide laws-compliant, secure, and diversified entry points for investors in this asset class.”
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Key Takeaways
- The ADAP fund targets high-net-worth individuals in the Middle East seeking digital asset investments.
- The fund’s goal is to reduce risk exposure while aspiring for over 20% annual returns with a minimum drawdown of 2.4%.
- ADAP incorporates strategies that can adjust to changing market conditions, ensuring volatility protection.
