How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Latin America presents significant business opportunities for crypto funds, as highlighted by Paola Origel, CEO of Hyla Fund Management. The region's venture capital landscape is sparse, particularly in Mexico, prompting Origel to identify top managers for investment. The crypto ecosystem in Latin America mirrors global trends from 2017, facing challenges like investor education. Many Latin American investors prefer tangible assets, complicating crypto adoption. Hyla operates as a crypto fund of funds, bridging traditional investors and the crypto space, with plans to launch a Latin America fund in January 2025, adding $30 million in assets. Key growth areas include remittances and mobile transactions, with Brazil and Mexico identified as promising markets. The firm aims to discover impactful projects with global potential.
