Stonegate Global Expands Crypto, Web3 & Crossover Fund Administration Business in Asia
Jeannie Ng DubbelsStonegate Global Managing Director, Digital Assets – Hong Kong, Singapore – APAC, and a native Hong Kong, will lead the firm’s expansion into the APAC region. Mrs. Ng Doubles, is a 20-year veteran of financial services, previously at Maitland Fund Administration and before that she served 15 years at Citi Private Bank, serving high net worth investors and family offices. “The digital asset industry slowly began to emerge almost 15 years ago. Today, especially in Asia, the growth is significant as institutional TradFi funds expand their asset allocations to liquid Crypto trading strategies, Crypto VC, as well as other aspects of the growing digital asset space such as DeFi, NFTs and other areas. Despite the current crypto winter, we are seeing billions in assets being poured into the asset class from these Crossover funds,” says Ms. Ng Doubles.
Traditional alternative investment funds, or “TradFi Funds”, such as hedge funds and venture capital funds, are rapidly expanding into cryptocurrency trading and Crypto VC investments. These “Crossover funds” are helping to lay the foundations for a wider institutional adoption of digital assets.
Skyler Steinkesaid Stonegate Global Managing Director and Global Head of Digital Assets Group: “This is an unprecedented time where finance, technology and digital assets are the perfect trifecta for the traditional hedge fund, venture capital and private equity community. As we see more traditional Fund Managers expanding its strategies to incorporate crypto, DeFi, NFT and Web3, Stonegate Global’s decades of experience in the digital asset space of fund management, formation and advisory services will assist managers in this critical crossover process.”
“We are delighted to have Jeannie lead our rapidly growing team in Asia. While Stonegate Global has always had a presence in the APAC region, this further expansion is an important milestone for us given the current growth in the digital asset space. What this ultimately means our APAC clients will have even more real-time access to our team, and more support as we continue to expand our footprint in the region,” said John McCorveyCEO and founder of Stonegate Global.
This is just the latest expansion effort by Stonegate Global, which has served over 500 institutional fund clients with approx. 20 billion dollars in assets, including just under 200 institutional crypto funds worldwide since 2013. Just earlier this year, Skyler Steinke joined Stonegate Global as Managing Director and Global Head of Digital Assets Group, joining a curated team of blockchain engineers, data scientists, NAV accounting specialists and investor services team members.
About Stonegate Global:
Stonegate Global is a technology-focused and innovative leader in fund administration, global advisory and fund structuring for alternative investment funds: Crypto, Web3/Crypto VC, DeFi, NFT, hedge funds, venture capital, real estate and private equity funds.
Stonegate Global specializes in servicing crypto funds involved in Web3/Crypto VC, DeFi, staking, lending, yield farming and liquidity pools. Leveraging its proprietary technology platform, tailored to serve the most complex digital asset funds, including high-frequency trading strategies and Web3/Crypto VC Funds, Stonegate Global is one of the top crypto fund management firms globally.
Recognized as one of the global leaders in cryptocurrency, having served crypto funds since 2013, Stonegate Global has served over 500 clients worldwide, delivering its innovative solutions to sophisticated institutional investment funds and portfolio managers. Stonegate’s clients include global family offices, institutional investment funds and multi-manager investment funds.
www.StonegateGlobal.com
Consult:
Stonegate Global Fund Administration
Stephanie VergesMarketing and customer services
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800-939-5320
SOURCE Stonegate Global Fund Administration
