We are Invictus Capital, a cryptocurrency asset management and trading firm. We are requesting a loan of $1 000 000 TUSD for 30 days and we are willing to pay 11.5% p/a.
Our firm has over 3 years of track record in the cryptocurrency sector and we currently manage over $50m in assets across 7 different funds in multiple asset classes. These funds include well-recognized brands in the industry such as Crypto20 and the Invictus Hyperion Fund. The Hyperion fund holds equity stakes in companies such as NOIA, Quantfury, and OVEX.
Our funds are all built on the Ethereum blockchain meaning all fund issuances and redemptions can be publicly tracked. Redemptions for the C20 fund going back several years are visible here on the blockchain.
Our firm has been featured in top publications including Forbes and Nasdaq.We’re constantly engaged with some of the largest players in the cryptocurrency sector with our CEO hosting the most recent summit with Joe Lubin, co-founder of Ethereum and founder of Consensys, as the featured speaker.
We have a large community of approximately 15 000 retail investors from 150+ countries. We would be happy to field any questions about us on any of the social channels listed below.
Loan request and use of funds
We wish to use the funds for our market neutral, market making trading strategies. These strategies are used to generate volume on exchanges and are completely hedged (i.e. do not have any risk relating to cryptocurrency price movements). Hedging is done either on the same exchange using futures contracts or cross-exchange in the same market.
Our counterparties for these trading activities include major cryptocurrency exchanges such as FTX, Binance and Bitfinex.
Speaking as an individual TRU holder, I’d endorse this request! Some highlights, in my opinion:
Preexisting, long-term partner: Invictus has been a long-time partner to TrustToken and has historically offered TUSD users fantastic APY on their stablecoins (per EarnCryptoInterest).
Efficient allocator of capital: In my opinion, Invictus has been an effective investor in both terms of generating returns for their fund participants and in terms of managing risk with their hedging strategies.
High reputational & legal cost to default: Invictus would likely see major damage to their reputation and likely their overall fund success in the event of loan default.
Based on the reputation, I am willing to support this loan. The request the TrustToken team to do their due diligence legally before this can proceed further. @rafaelcosman@MG-TT How is the loan approval being processed currently, meaning whats the vote support needed to list this on trueFi portal?
The folks at Invictus Capital have submitted a borrower request under the name New World Holdings, which has been reviewed and verified, including the beneficial owner who is also the beneficial owner of Invictus Capital. New World Holdings has met all compliance requirements, including passes on screening against 100+ sanctions screening lists, politically exposed persons lists, adverse media, law enforcement and regulatory issues review. This is for the entity as well as the beneficial owner. A refresh was conducted this morning to ensure information was up to date and accurate. This information is being provided to the TRU community as one factor among many to help inform their voting & staking decisions.