Canada’s 3iQ And Abu Dhabi’s AltNovel Join Forces To Meet Institutional Demand For Digital Assets In Middle East

AltNovel, an Abu Dhabi-based alternative investment firm, and 3iQ Corp, a Canadian investment fund manager, on 7 May 2025, announced the alliance to create AltNovel Digital Access Portfolio (ADAP) to provide institutional and qualified investors with a structured and diversified exposure to a range of blockchain-based assets while maintaining regulatory compliance.

Institutional demand for digital assets in the Middle East has grown with family offices, high-net-worth individuals (HNWI), and sovereign wealth funds expressing a higher preference for securing a chance to invest in this asset class. A first-of-its-kind multi-strategy fund focused on digital assets, ADAP, has been launched as the region’s attempt to meet this growing institutional investment appetite.

Moreover, the fund aims to appeal to newer investors within the region who are looking to dip their toes in digital asset investments. It has been launched out of Abu Dhabi’s international financial centre, ADGM and will operate within its jurisdiction.

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“This partnership is a milestone for AltNovel as we continue to focus on bringing high-quality investment solutions to private investors in the GCC from our home in the ADGM,” said Stergios Voskopoulos, CEO of AltNovel.

He further added, “Digital assets represent the next frontier in portfolio diversification, and this collaboration with a sector leader like 3iQ aligns with our commitment to offering forward institutional-grade, highly customizable digital asset investment opportunities tailored to their evolving needs.”

We are excited to announce that 3iQ has partnered with AltNovel to launch the AltNovel Digital Access Portfolio (ADAP), the first-ever digital asset Multi-Strategy Fund in the Middle East.

Read the latest press release to learn more: https://t.co/Mj0vgFISeA pic.twitter.com/o4Ws7nlOTG

— 3iQ Digital Asset Management (@3iq_corp) May 7, 2025

The ADAP fund aims to arm investors with a multi-strategy approach that lends investments across different asset classes such as cryptocurrencies, decentralised finance (DeFi), stablecoins, and various other blockchain technologies.

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Meeting Investor Demands and Addressing Concerns

The Middle East is increasingly signalling its growing maturity and appetite for digital assets. According to the latest report by Chainalysis, large institutional (more than $10 million), institutional ($1 million to $10 million), and professional ($10,000 to $1 million) sized crypto transfers in the UAE posted annual growth of 20.13%, 55.07 % and 46.3 %, respectively.

Despite significant growth, many institutional investors remain concerned about operational security and market volatility.

ADAP’s goal is to eliminate such issues by employing a diversification strategy, with risk management being a priority. As a result of the fund being multi-strategy, it can adapt to the market conditions by mixing directional strategies, income-based strategies, and stable crypto assets acting as a buffer against market uncertainty.

The fund aims to provide lower volatility and drawdown compared to long-only cryptocurrency investments, while still targeting returns of over 20% a year and drawdowns of at least 2.4%. Essentially, the ADAP fund links international investing opportunities with private wealth with the help of blockchain technology.

3iQ Corp Chairman and CEO Fred Pye stated that the launch is a milestone for the region’s digital assets industry. “We are excited to bring our deep experience in digital assets management to the Middle Eastern market with Altnovel. We are giving investors a regulated, safe, and diversified way to invest in the asset class,” Pye said.

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