---
title: Cayman Fund Platform CV5 Capital Says It Can Launch Crypto Hedge Funds in Four Weeks
description: CV5 Capital offers shared Cayman Islands infrastructure that lets digital asset fund managers launch crypto hedge funds in under four weeks, with 49 funds and $950M AUM.
author: Darie Nani (Editor-in-Chief)
date: 2026-03-22T16:33:10.920Z
updated: 2026-03-24T17:11:13.610Z
canonical: https://www.sovereignmagazine.com/article/cv5-capital-cayman-crypto-fund-platform
image: https://cdn.nanimediahouse.com/cv5-capital-cayman-fund-platform.webp
categories: FinTech
content_type: Spotlight
region: Caribbean
publication: Sovereign Magazine
about:
  - type: Organization
    name: CV5 Capital
    description: CV5 Capital is a CIMA-registered fund platform based in the Cayman Islands that provides turnkey infrastructure for launching and operating digital asset hedge funds. Founded by former Citi director David Lloyd, the company operates a segregated portfolio company structure supporting 49 funds with approximately $950 million in assets under management.
    url: https://www.cv5capital.io/
    industry: Financial Services
    sameAs:
      - https://www.linkedin.com/company/cv5capital
      - https://x.com/cv5capital
---

Most fund managers who want to run a crypto strategy out of the Cayman Islands face the same problem before they even start trading. Setting up a standalone fund means hiring lawyers, appointing administrators, opening bank accounts, securing custody arrangements, registering with the Cayman Islands Monetary Authority (CIMA), and obtaining an ISIN. The process typically takes six to twelve months and costs several hundred thousand dollars.

[CV5 Capital](https://www.cv5capital.io/), a CIMA-registered platform based in the Cayman Islands, claims to compress that timeline to under four weeks.

## How the platform works

CV5 operates a segregated portfolio company (SPC), a legal structure that lets multiple fund managers run independent strategies under a single corporate umbrella. Each manager launches as a segregated portfolio with its own assets, liabilities, and investor base, but shares the platform's existing legal framework, compliance infrastructure, banking relationships, and service provider agreements.

The practical effect is that a manager joining the platform does not need to incorporate a new entity, negotiate their own fund administration contract, or build an operational team from scratch. CV5 provides fund administration, custody coordination, audit relationships, regulatory filings, and white-labeled monthly investor reporting as part of the package. Managers also receive Bloomberg, ISIN, CUSIP, and LEI codes for their portfolios.

The company says it currently supports 49 funds with approximately $950 million in assets under management. The minimum investment per fund is $100,000.

## The team behind it

CV5 was founded by David Lloyd, who spent more than two decades in investment banking and law before moving to the Cayman Islands. At Citi in London, Lloyd sat on the trading desk structuring multi-asset and multi-strategy investment funds for institutional clients across EMEA, and served on Citi's Global Management Senior Risk Committee.

After leaving Citi, Lloyd worked as an independent fund director at Walkers, one of the largest law firms in the Cayman Islands, before founding Bell Rock Group in 2013. Bell Rock is a CIMA-licensed corporate services firm that has formed more than 2,000 Cayman entities. CV5 Capital, incorporated in January 2020, is built on top of that operational foundation.

The wider team includes Jason Eastman, a cybersecurity and risk management specialist with CISSP, CISA, and CBSP certifications and more than 20 years of experience across regulated Cayman financial entities. The board also includes directors with senior backgrounds at Merrill Lynch, Morgan Stanley, UBS, and BNP Paribas. The company says its team's combined experience averages 30 years per person.

## Why the Cayman Islands still dominates crypto fund administration

The Cayman Islands remains the jurisdiction of choice for crypto hedge funds. According to data from the Alternative Investment Management Association (AIMA) and PwC, roughly 58% of digital asset hedge funds globally are domiciled there. The broader Cayman fund industry administers more than 31,000 funds holding over $8.5 trillion in assets, and the number of registered private funds has grown approximately 40% over the past five years.

Several factors sustain this concentration. The jurisdiction charges no tax on profits, capital gains, or income. CIMA provides a recognized [regulatory framework](https://www.sovereignmagazine.com/article/digital-assets-initiative-regulatory-clarity-to-unlock-billions-for-blockchain-infrastructure) through the Mutual Funds Act and the newer Virtual Asset Service Provider (VASP) Act, which specifically addresses digital asset businesses. For institutional allocators considering exposure to crypto strategies, a Cayman-domiciled fund with familiar governance structures is often easier to approve through internal compliance processes than an onshore alternative.

The challenge for smaller or newer managers is that this infrastructure has traditionally been expensive and slow to access. Most Cayman fund service providers are law firms and administrators that bolt digital asset capability onto existing workflows designed for traditional hedge funds. CV5's argument is that building a platform specifically for digital asset managers removes that friction.

## Tokenized fund shares through Enzyme

In November 2025, CV5 announced a partnership with Enzyme, a decentralized asset management protocol, to integrate Enzyme's Onyx technology stack into its platform. The deal enables CV5 to offer tokenized fund shares, meaning that units in a segregated portfolio can be issued and distributed on-chain rather than through traditional transfer agent processes.

The initial focus is on three product categories: market-neutral digital asset funds, Bitcoin treasury vehicles, and tokenized credit opportunities. Tokenized shares can reduce settlement times, automate certain compliance checks through smart contracts, and allow for fractional ownership of fund units.

This is still early-stage for the industry. Fund tokenization faces questions around [regulatory treatment](https://www.sovereignmagazine.com/article/european-crypto-regulations-spark-new-wave-of-platform-modernisation), secondary market liquidity, and interoperability between blockchain networks. But for CV5, the Enzyme integration is a way to differentiate from traditional Cayman administrators who have not yet moved into on-chain distribution.

## Recent fund launches and performance

One of the more established strategies on the CV5 platform is the Cryptanium Fund I SP, managed by CT Asset Management and led by portfolio manager Eugene Koudryavtsev. The fund reported a 23.2% return in 2024 and a 6.1% gain in the first quarter of 2025, according to figures published by Hedgeweek.

In December 2025, CV5 launched the Arkangel Fund SP, a [market-neutral quantitative strategy](https://www.sovereignmagazine.com/article/market-neutral-strategies-gain-traction-as-hedge-funds-navigate-volatile-markets) led by Chris Coll-Beswick and Gold Darr. The fund uses algorithmic trading across digital asset markets.

CV5 was also nominated in three categories at the Hedgeweek Global Digital Asset Awards 2026: New Solution Provider, Regulatory Advisor, and Execution and Trading.

The company has stated a target of reaching $2 billion in assets under administration within the next three years.

## FAQ

**Q: How much does it cost to set up a Cayman Islands crypto fund?**
A standalone Cayman fund typically costs several hundred thousand dollars in legal, administrative, and regulatory fees, and takes six to twelve months to establish. Platform models like CV5 Capital's segregated portfolio company structure reduce both cost and timeline by letting managers share existing infrastructure, with launches possible in under four weeks.

**Q: What is a segregated portfolio company?**
A segregated portfolio company (SPC) is a Cayman Islands legal structure that allows multiple investment portfolios to operate under a single corporate entity. Each portfolio's assets and liabilities are ring-fenced from the others, meaning one manager's losses cannot affect another's capital. The structure is commonly used for multi-manager fund platforms.

**Q: Is cryptocurrency legal in the Cayman Islands?**
Yes. The Cayman Islands regulates digital asset businesses through the Virtual Asset Service Provider (VASP) Act and oversees investment funds through the Cayman Islands Monetary Authority (CIMA) under the Mutual Funds Act and Securities Investment Business Act. The jurisdiction charges no tax on profits, capital gains, or income from digital asset activities.

**Q: What is crypto asset management?**
Crypto asset management refers to the professional management of investment portfolios that hold digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. It encompasses fund structuring, custody of digital assets, compliance with securities regulations, risk management, and investor reporting. Institutional crypto asset management typically operates through regulated fund vehicles domiciled in jurisdictions like the Cayman Islands.

**About CV5 Capital**

CV5 Capital is a CIMA-registered fund platform based in the Cayman Islands that provides turnkey infrastructure for launching and operating digital asset hedge funds. Founded by former Citi director David Lloyd, the company operates a segregated portfolio company structure supporting 49 funds with approximately $950 million in assets under management.

[Website](https://www.cv5capital.io/)