DrawBridge Lending, d/b/a DBL Digital, a commodity pool operator and trading advisor that helps investors monetize bitcoin and other cryptocurrency holdings through investment and financing products, announced on Wednesday it has expanded their product offering for cryptocurrency investors utilizing services offered by Gemini Trust Company, LLC, a cryptocurrency exchange and custodian.
DBL Digital reported it has facilitated the implementation of a yield-enhancing strategy that provided above-market returns for Libertas Fund LLC, a quantitative multi-strategy digital asset fund managed by Hyperion Decimus (although past results are not necessarily indicative of future results). Gemini Trust served as the escrow agent to support the offering.
Speaking about the new products and collaboration, Jason Urban, CEO of DBL Digital, stated:
“DBL Digital occupies a unique space in the industry offering sophisticated structures, robust risk management, and a priority on the safety of customer collateral. Combining forces with Gemini is a win-win for investors. We look forward to continuing our relationship with Gemini and building out additional investment vehicles within the Gemini ecosystem.”
DBL Digital President and Chairman, Thomas Anderson, added:
“We’ve chosen to work with Gemini because they are a regulated qualified custodian. Their institutional-grade, offline custody solution met our security concerns and provides many helpful features including sub-accounts and the instant ability to trade out of offline storage. Additionally, Gemini is one of the only exchanges to offer a clearing product specifically for the crypto market. We feel their innovation matches our desire to think outside-the-box to offer clients sophisticated financial solutions to serve their ever-growing needs.”