Client Profile

Cincinnati Crypto Fund is a Cincinnati, Ohio-based syndicate fund that packages smaller ticket limited partnerships together to invest in larger, institutional-sized capital requirement funds actively trading digital assets and cryptocurrencies. This provides less technical investors with exposure to the volatility and yield of cryptocurrency markets without requiring hands-on technology and trading.

CCF General Partners maintain the management and administration of the limited partners and report on monthly gains and losses. As an open-end fund structure, the general partner provides a much shorter minimum time horizon for redemption.

Stacey Strasser

“10XTS helps us provide all of our limited partners with a highly secure, single source of information truth as a strong governance, risk and compliance framework. This allows us to operate in the market with complete confidence we own and control our data across multiple market partners. It also positions us when we’re ready to tokenize our own fund.”

– Stacey Strasser, General Partner Cincinnati Crypto Fund

Business Challenge

Capital deployment and redemption is still slow and inefficient. The open-end fund monthly interval performance reporting compounds the management complexity, especially when adding many individual limited partnerships.

Manual calculations and error-prone individual spreadsheets saved to local hard drives represent significant ongoing risks. Administration and ongoing audit costs are always a  significant concern, especially considering the perceived risk of a traditional LP investing in other LPs that invest in digital assets.

The Solution

By moving fund management to XDEX, the general partners can automate individual Limited Partner reporting across a real-time, shared blockchain ledger for ease of administration. The general partner can quickly update valuations as they’re reported by the portfolio institutions on a monthly basis to the individual investor level.

As a Limited Partner management portal, XDEX provides a common system of record and development for future real-time automation and reporting with institutional partners.