Metalpha Announces Successful Conclusion of Next Generation Fund with Exceptional Performance

Rhea-AI Summary

Metalpha Technology Holding Limited announced the successful completion of its Next Generation Fund I SP, delivering exceptional performance over a two-year period. The Fund, managed by LSQ Capital Limited, achieved a remarkable 375.5% net asset value performance from March 2023 to March 2025, outperforming Bitcoin by 67.3%. Following this success, Metalpha is transferring its 40% equity stake in NextGen Digital Venture Limited to Mr. Jason Huang, a key contributor to the Fund's performance. The company's board has approved this transition, which aims to strengthen strategic cooperation between Metalpha and NextGen. NextGen Digital Venture Limited has already launched Fund II, focusing on crypto-related equity investments, positioning itself to capture opportunities in the evolving digital asset space.

Positive

• Fund achieved exceptional 375.5% NAV performance over two years
• Outperformed Bitcoin by 67.3%
• Strategic partnership strengthening through transfer of 40% equity stake
• Launch of Fund II indicates business expansion and continued growth

Negative

• Divestment of 40% equity stake in NextGen Digital Venture Limited reduces company's direct participation in future fund performance

Insights

Investment Fund Analyst

Metalpha's fund delivered outstanding 375.5% returns over two years, outperforming Bitcoin by 67.3% before transferring ownership stake.

Metalpha Technology's Next Generation Fund I SP has concluded its two-year investment cycle with remarkable performance metrics. The fund achieved a 375.5% increase in net asset value from March 2023 to March 2025, outperforming Bitcoin by 67.3% – a significant alpha generation in the highly volatile digital asset space.

The fund was managed by LSQ Capital Limited, Metalpha's subsidiary holding an SFC Type 9 license, which allows for regulated asset management activities in Hong Kong. This regulatory compliance represents a competitive advantage in the still-evolving crypto regulatory landscape.

Following the fund's conclusion, Metalpha is transferring its entire 40% equity stake in NextGen Digital Venture Limited to Jason Huang, who was instrumental in the fund's performance. This transition appears strategic rather than merely financial, as the company specifically mentions strengthening cooperation with NextGen despite divesting ownership.

The launch of Fund II by NextGen Digital Venture Limited signals confidence in the strategy that delivered exceptional returns. The new fund maintains focus on crypto-related equity investments rather than direct digital asset exposure, positioning it at the intersection of traditional finance and cryptocurrency markets. This approach may offer more regulatory certainty while still capturing growth in the broader digital asset ecosystem.

The outperformance relative to Bitcoin demonstrates sophisticated investment strategies beyond simple cryptocurrency exposure, suggesting the fund employed advanced trading techniques, market timing, or investment selection to generate significant alpha in a challenging asset class.

HONG KONG, June 12, 2025 /PRNewswire/ -- Metalpha Technology Holding Limited (Nasdaq: MATH) ("Metalpha" or the "Company"), a leading digital asset-focused wealth management company, today announced the successful completion of the LSQ Investment Fund SPC – Next Generation Fund I SP (the "Fund"), which delivered exceptional results over its two-year investment period.

The Fund, managed by Metalpha's SFC Type 9 licensed subsidiary LSQ Capital Limited, commenced trading activities in late March 2023. From late March 2023 to March 2025, the Fund achieved a net asset value (NAV) performance of 375.5%, outperforming BTC by 67.3%, as tracked under by Bloomberg (ticker: LSQNEXI).

"The performance of Fund exemplifies our commitment to delivering strong investment outcomes through deep market insight, prudent risk management, and close collaboration across our partners," said Mr. Adrian Wang, CEO of Metalpha. "We're proud to have created significant value for our investors and will continue to pursue innovative and compliant solutions in the digital asset space."

Following the conclusion of the Fund's lifecycle, Metalpha is glad to transfer all of its 40% equity interest in NextGen Digital Venture Limited to Mr. Jason Huang, a key contributor to the Fund's success. The Company believes this transition will further strengthen the strategic cooperation between the Company and NextGen and ensure continued excellence in fund management and innovation. The proposed transaction and the terms of which have been reviewed and approved by the board of directors of the Company.

"We extend our sincere congratulations to Jason and wish him every success in leading NextGen Digital Venture Limited toward greater achievements in future," added Mr. Wang.

"I am deeply grateful to Adrian and the Metalpha team for their partnership in achieving 375.5% NAV performance with 67.3% outperformance against Bitcoin over two years," said Mr. Jason Huang, Founder of NextGen Digital Venture Limited. "NextGen Digital Venture Limited has launched Fund II to continue our focus on crypto-related equity investments as we believe digital assets represent the new frontier of finance. With regulatory frameworks and technological innovation just beginning to unfold, we remain committed to capturing transformative opportunities at the intersection of crypto and traditional finance."

About Metalpha Technology Holding Limited

Metalpha Technology Holding Limited (Nasdaq: MATH), through its subsidiaries, is dedicated to providing digital asset-focused wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of digital asset-focsed wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause Metalpha's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

CONTACT:
Ming Ni
ming.ni@metalpha.finance

 

View original content:https://www.prnewswire.com/news-releases/metalpha-announces-successful-conclusion-of-next-generation-fund-with-exceptional-performance-302480129.html

SOURCE Metalpha Technology Holding Ltd.

FAQ

What was the performance of Metalpha's Next Generation Fund I SP?

The Fund achieved a 375.5% net asset value performance from March 2023 to March 2025, outperforming Bitcoin by 67.3%.

Why is MATH transferring its stake in NextGen Digital Venture Limited?

Metalpha is transferring its 40% equity stake to Mr. Jason Huang to strengthen strategic cooperation between the companies and ensure continued excellence in fund management.

Who is Jason Huang and what is his role in Metalpha?

Jason Huang is the Founder of NextGen Digital Venture Limited and was a key contributor to the Fund's success, achieving 375.5% NAV performance over two years.

What are NextGen Digital Venture Limited's future plans after Fund I?

NextGen has launched Fund II, focusing on crypto-related equity investments to capture opportunities at the intersection of crypto and traditional finance.

How long was the investment period for Metalpha's Next Generation Fund I SP?

The Fund had a two-year investment period, operating from late March 2023 to March 2025.