Algoz Technologies, a Cryptocurrency, Quant Trading Asset manager, announced that they have been awarded the prestigious “New Solution Provider of the Year” at the Hedgeweek European Awards, held in London.

Algoz CEO, Tal Teperberg received the award from Hedgeweek and said “I couldn’t be prouder of our team and the people who helped us create this solution. Our aim, with the creation of “Quant Pro” was to find a way to mitigate exchange and management counterparty risk, to ensure the problems of 2022 could never happen again to our investors and with the help of both Zodia Custody and Bitfinex, we were able to create this unique protection for investors. I want to thank both companies for their single-minded desire to help us achieve our goal and I am confident that Quant Pro is now the industry standard for risk management in the Cryptocurrency Space.

Gerry Afentakis, Managing Director, Europe, Zodia Custody, was thrilled that Algoz had won, as he explained. “I know Algoz undertook an exhaustive selection process to identify the right custody partner and we couldn’t have been more pleased when they concluded that the Zodia Custody Interchange product allowed them to protect their investors capital, while still preserving for Algoz an unencumbered ability to run their trading strategies, and without ever comingling client assets. Algoz were very much one of the pioneers of adapting our Interchange offer to suit the institutional requirements of the LP’s and this Peer group recognition of their Quant Pro product is something that we can all celebrate. It really is an important milestone in the development of Cryptocurrency as a tradable asset class from which to obtain superior risk adjusted returns.” 

Paolo Ardoino, Chief Technology Officer of Bitfinex was delighted with the award. “We are very proud of the remote custody solutions we provide to our customers and ever since the integration of Zodia’s off-exchange settlement solution Interchange, we have been delighted to have been able to assist Algoz in the execution of their trading strategies and provide them access to our deep and liquid markets. Their Quant Pro product has been particularly successful as a solution to help professional and accredited investors, as well as Asset Managers and Family offices, to employ various strategies on Bitfinex while limiting exchange or management counterparty risk, and with no commingling of funds in custodial wallets.”