As coders and conspiracy theorists are making millions trading digital currencies, the crypto currency boom has almost entirely eluded Wall Street.

That may be about to change as digital asset funds are set up to chase the gold-rush. And there is a familiar face behind one of the players.

Street Talk understands JPMorgan's former head of ECM and derivatives for Australia, Richard Galvin, is running one of the first global digital funds, Digital Asset Capital Management, that is targeting large, sophisticated institutional investors.

Digital Asset Management is seeking to attract institutions to invest in cypto currencies including bitcoin. Bloomberg

The fund will focus on investing in the more liquid digital assets such as bitcoin and ethereum which have delivered spectacular gains so far this year to those lucky enough to buy in at the start of the year.

Galvin, a former JPMorgan and Goldman Sachs banker, is the chief executive of the fund. He was last spotted at JPMorgan before he left in 2016, after working on Reliance Worldwide Corporation's float.