3iQ and AltNovel Forge Middle East Crypto Bridge—Because Banks Just Can’t Keep Up

Canada’s digital asset heavyweight 3iQ locks arms with Abu Dhabi’s AltNovel—because when oil money meets blockchain, even regulators scramble to take notes.

Institutional demand? Try insatiable hunger. The Middle East’s crypto infrastructure just got a turbocharged upgrade while traditional finance still debates ’whether Bitcoin is a scam.’

Bonus cynicism: Nothing unites rivals like the smell of fresh management fees.

Meeting Investor Demands and Addressing Concerns

The Middle East is increasingly signalling its growing maturity and appetite for digital assets. According to the latest report by Chainalysis, large institutional (more than $10 million), institutional ($1 million to $10 million), and professional ($10,000 to $1 million) sized crypto transfers in the UAE posted annual growth of 20.13%, 55.07 % and 46.3 %, respectively.

Despite significant growth, many institutional investors remain concerned about operational security and market volatility.

ADAP’s goal is to eliminate such issues by employing a diversification strategy, with risk management being a priority. As a result of the fund being multi-strategy, it can adapt to the market conditions by mixing directional strategies, income-based strategies, and stable crypto assets acting as a buffer against market uncertainty.

The fund aims to provide lower volatility and drawdown compared to long-only cryptocurrency investments, while still targeting returns of over 20% a year and drawdowns of at least 2.4%. Essentially, the ADAP fund links international investing opportunities with private wealth with the help of blockchain technology.

3iQ Corp Chairman and CEO Fred Pye stated that the launch is a milestone for the region’s digital assets industry. “We are excited to bring our DEEP experience in digital assets management to the Middle Eastern market with Altnovel. We are giving investors a regulated, safe, and diversified way to invest in the asset class,” Pye said.

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Key Takeaways

• The ADAP fund strives to appeal to the Middle East’s HNI’s wanting to invest in digital assets
• The fund aims to reduce volatility and drawdowns, targeting 20 %+ annual returns with a minimum 2.4% drawdown
• The fund’s multi-strategy approach adapts to market conditions by blending directional, income-based strategies for volatility protection