Hyla Fund Management is unveiling a new $30 million fund concentrating on the Latin American cryptocurrency sector.

This fund of funds is designed to provide investors with access to various hedge funds.

According to Paola Origel, the CEO of Hyla, the Latin American crypto market, though small, is abundant in opportunities.

“Many big funds like Sequoia and a16z have been trying to capture that market, but it's very fractionalized and challenging to break in because of the difference in culture.”
(Translation: Maany large funds such as Sequoia and a16z have been trying to penetrate this market, but it is highly fragmented and difficult to enter due to cultural differences.)

Origel emphasizes the scarcity of venture capital funds in Latin America, particularly in Mexico, making the need for well-managed funds critical.

She stated, “In Latin America, and specifically in Mexico, there are very few venture capital funds.”

(Translation: In Latin America, especially in Mexico, there are hardly any venture capital funds.)

The ecosystem for crypto investments in the region presents familiar challenges and opportunities similar to those seen worldwide several years ago. Origel noted the necessity of education concerning cryptocurrencies, as they often present a barrier for traditional investors.

Her ambition is for Hyla Fund Management to emerge as the “Goldman Sachs for digital assets.”

(Translation: Her goal is for Hyla Fund Management to become the Goldman Sachs of digital assets.)