Hyperithm

Hyperithm, established in January 2018, operates as a regulated digital asset manager with headquarters in Tokyo and Seoul. The firm was co-founded by Lloyd Lee, a serial entrepreneur, and Sangrok Oh, a former Morgan Stanley investment banker. Lee's journey into the crypto space was sparked by a practical need: seeking a cost-effective way to remit his salary from Japan to Korea while working for a family office. This personal experience led to the creation of Hyperithm, with the goal of becoming a digital asset gateway for institutional clients.

The company provides a suite of services tailored for institutional investors and high-net-worth individuals, including corporations, family offices, and venture capitals. Its core business revolves around two main pillars: digital asset management and venture investment. The asset management division focuses on quantitative trading, utilizing algorithmic, market-neutral strategies to navigate the digital asset markets. The trading and risk management processes are automated through proprietary algorithms developed primarily in Rust, a programming language chosen for its performance and safety. This quantitative approach is driven by a team that includes International Science Olympiad medalists.

As a venture capital arm, Hyperithm actively invests in emerging Web3 projects, including L1/L2 protocols, infrastructure, dApps, and gaming, to support the growth of the ecosystem and provide strategic access to Japanese and Korean markets. The firm generates revenue through its asset management services and brokerage business. It has successfully secured regulatory approvals in its key markets, holding a Virtual Asset Service Provider (VASP) license from the Korea Financial Intelligence Unit and registration as an operator of Specially Permitted Businesses for Qualified Institutional Investors (SPBQII) with Japan's Financial Services Agency. Since its inception, Hyperithm has achieved significant milestones, including raising $11 million in a Series B funding round in 2021, backed by prominent investors like Hashed, Coinbase Ventures, and Samsung Next. In April 2022, the company launched Japan's first Bitcoin-denominated fund.

Keywords: digital asset management, crypto prime brokerage, institutional crypto, quantitative trading, algorithmic trading, Web3 venture investment, crypto asset management Japan, Korean crypto market, market-neutral strategies, digital asset gateway, institutional investors, high net-worth individuals, VASP license, SPBQII, Rust programming, crypto arbitrage, blockchain investment, crypto hedge fund, digital currency funds, decentralized finance, Tokyo, Seoul, Lloyd Lee, Sangrok Oh