It’s been a while since our last newsletter and we are happy to bring some fresh news to you. Crypto markets have been pretty challenging for most of the cryptos, BTC being the least ugly market with only a 9.7% slide since then. ETH have slided by 48.2%, making new lows for the years and dropping well below the 200 USD mark. During the last bottom, heavy volumes were registered that make us think we could have bottomed for the year.

Asset Management licence

After some back and forth exchanges with the AMF, the French regulator, we finally have a date for the “AMF College” review. It should happen on October 16, 2018. We are preparing for a potential final question list next week as the file is being presented by the AMF reviewer internally. This is a long process but we are convinced it will pay in the future as we will be the first regulated AM that will propose crypto investment solutions.

We are fine tuning our marketing campaign that will follow in order to launch the first DAF in the best possible manner. We are being approached by a few family offices and are thinking of the best possible way to federate these various interests that we have received so far. We will need to create a new buzz, which given the current ETH market environment will need to be carefully drafted and presented.

ETH strategy update

On September 18, we updated our ETH.USD strategy with a complementary strategy that allow short positions. We have already provided a specific communication on this topic so I will not enter into too much detail here. Just to let you know that since when we implemented it, this new strategy provided an 8.3% return.

More to come

Once again, we are determined to provide our community with new strategies as we think we can add a lot of value there. We are preparing the release of our BTC, ETH & USD allocation model for later this week as mentioned in our previous communication. More models will follow, so stay tuned for our upcoming updates on this subject in the next few weeks!

NapoleonX relocation

After 7 months at WeWork, in the 8th district, where we moved post ICO, we decided it was time to take our own offices. We have now moved to a more central location, in the heart of “Silicon Sentier”, very close to Coinhouse and ConsenSys. As we are cost conscious, we have built our own desks and chairs from a well-known Swedish retailer. It was a great team building exercise and we will have some space here to organize a few events in the next few months to promote our project and quantitative finance.