First U.S. Institutional Market-Neutral Decentralized Finance Hedge Fund
Cipher Chain Capital has generated consistent, risk-adjusted performance since 2022, with positive net returns every year, regardless of broader market conditions.
Quantitatively Driven, Performance Proven.
Our strategies are built on a foundation of data and rigorous analysis, delivering consistent, market-beating results. We've facilitated over 11 figures in trading volume, a testament to our scale and robust infrastructure.
Recognized Excellence
Nominated in 2023 for prestigious awards recognizing our outstanding performance and innovation in digital asset management, with nominations determined by quantitative performance.
Nominated by
Digital Assets Fund of the Year
Relative Performance of the Year – Digital Assets Fund
A Multi-Strategy Crypto-Native Approach
We deploy capital across a diverse range of quantitative and fundamental strategies to capture alpha in the digital asset ecosystem.
Market Making
Positive Carry Trades
Arbitrage
Delta-Neutral
Innovation, Discipline, and Transparency
At Cipher Chain Capital, our philosophy is guided by three core principles that define our approach to the digital asset market.
Technological Edge
We are committed to staying at the forefront of technology, continuously innovating our infrastructure and algorithms.
Disciplined Execution
Our strategies are executed with systematic discipline, removing emotion from the investment process.
Alpha Generation
Our primary goal is to generate uncorrelated performance, providing our investors with returns that are independent of traditional market movements.
Meet the Team
Our team comprises seasoned professionals from quantitative finance, data science, and technology.

Samuel Donnelly
Managing Partner, Fund Manager & COO
Experienced operations leader with expertise in fund management and strategic business development.

Nathan Goldbaum
Managing Partner, Fund Manager & CIO
Chief Investment Officer with deep expertise in quantitative strategies and digital asset markets.

Kevin Mlynarek
Director of Investor Relations
Leads investor communications and relationship management with institutional clients and partners.

Brent Gillett
Principal
Principal focused on strategy development and portfolio management across digital asset markets.
Trusted by Our Partners
Hear what our investors and partners have to say about their experience with Cipher Chain Capital.
"The team's deep understanding of the crypto markets is unparalleled. Their disciplined, quantitative approach provides a level of confidence that is rare in this asset class."
"Cipher Chain Capital has been an essential partner in our digital asset allocation. Their focus on risk management and transparent reporting sets them apart from other funds."
Investor Communications
Stay informed with our quarterly letters providing insights into market conditions, performance, and strategic outlook.
Q2 2025 Investor Letter
Navigating through macro & geopolitical turbulence while capitalizing on regulatory tailwinds.
Read Letter →Q1 2025 Investor Letter
Maintaining discipline through extreme volatility and positioning for structural opportunities.
Read Letter →Q4 2024 Investor Letter
A comprehensive review of our performance and market outlook as we close out 2024.
Read Letter →Frequently Asked Questions
Answers to common questions about our fund and investment process.
Get in Touch
For inquiries from accredited investors and institutions, please use the form or contact us directly.