Ex-Citi Digital Asset Executives Launches Crypto-Focused Fund

Ex-Citi digital asset executives launch a crypto-focused fund and it is expected for it to employ growth and income-focused crypto investing so let’s find out more in our latest cryptocurrency news.

Motus Capital is a trio of ex-Citi digital asset executives that will employ growth and income-focused crypto investing and they formed the investment firm to help the clients bet on digital assets. Motus Capital Management is led by Greg Girasole, Alex Kriete, Frank Cavallo. The EX-Citi executives include Girasole and Kriete while Cavallo was a director and investment consumer that oversaw about $8 billion in assets for the bank:

“In order to merge our goal of building the solutions our clients were asking for with our expertise in the crypto space, we left traditional finance to create Motus.”

Motus saw the opportunity in the growing segment of the market where the larger investment funds were not able to purchase smaller market cap tokens for liquidity purposes while the sub-$100 million funds could lack the needed guardrails and economically their incentive is only to gather assets as Cavallo said:

“We’ve decided not to make tradeoffs and instead align interests by putting enough skin in the game ourselves to incentivize both proper fiduciary controls and rightsizing the fund.”

For the income-focused strategy, Motus saw a mismatch between the funding of digital assets versus the traditional finance, so Cavallo added:

“Global banks have so much cash they pay zero or less for deposits. Meanwhile, the stablecoin market cap has quintupled since 2021, and investors still command high-single to double-digit returns for dollars or dollar-pegged assets.”

Both the income and growth funds are limited to qualified purchasers. Also, Motus confirmed the $100 million figure already.

As recently reported, Citi is the latest banking giant to give an optimistic forecast for the metaverse whcih sees the Internet’s future as a collection of decentralzied technology and virtual environments. According to the investment bank, the metaverse economy could be worth up to $13 million by 2030. while some remain suspicious of the metaverse, the Wall Street player said that it seems a huge potential in the metaverse concept. According to the City analysis, the metaverse is defined as an immersive mix of online gaming platforms that rely on 3D interactive play with others or offline augmented reality.