# Blockchain Strategies Fund (BSF)

Blockchain Strategies Fund (BSF) is a Fund of Funds Manager based in Luxembourg, Luxembourg.

## Overview

- **Organization type:** Fund of Funds Manager
- **Headquarters:** Luxembourg, Luxembourg
- **Region:** Europe
- **Address:** Luxembourg, Luxembourg
- **Assets under management:** Undisclosed
- **Website:** blockchainglobal.com

## Regulatory record

- **Reports private funds:** No

## About

Blockchain Strategies Fund (BSF) operates as a fund-of-funds managed by Block Asset Management, under the parent entity Blockchain Investment Group. Founded by CEO Manuel Ernesto De Luque Muntaner and CCO Kevin Ballard in Luxembourg, the firm built its identity on regulatory compliance, securing registration with the Commission de Surveillance du Secteur Financier (CSSF) as the first dedicated crypto AIFM. CIO Yannis Georgandelis oversees portfolio construction, blending top-down macro views with bottom-up manager selection focused on digital assets. The fund allocates across venture capital, early-stage token projects, and liquid hedge fund strategies, constructing a diversified portfolio of third-party managers. This structure allows BSF to access specialized crypto-native funds that institutional LPs cannot underwrite individually. Investment coverage spans North America, Europe, and Asia, targeting underlying funds that invest in blockchain infrastructure, decentralized finance protocols, and enterprise applications—a manager-selection approach designed to capture alpha across market cycles without single-manager concentration risk. BSF's operational architecture is built around a regulated European AIFM framework, positioning it for institutional allocators subject to UCITS-style compliance standards. The firm's CSSF registration enables it to market across EU member states under passporting rules, a structural advantage over unregulated offshore crypto funds. The team combines traditional finance experience with crypto-native expertise, with De Luque Muntaner and Ballard anchoring the compliance and operational side while Georgandelis leads investment due diligence and manager relationships. The structural differentiator is the AIFM wrapper itself: BSF functions as an institutional on-ramp, converting the fragmented, offshore-heavy crypto fund universe into a single Luxembourg-domiciled product that satisfies European regulatory and custody requirements. This architecture addresses the single biggest barrier to institutional crypto adoption—governance and compliance—without requiring LPs to build internal digital asset capabilities.

## Sectors

- Digital Assets
- FinTech
- Enterprise Software
- AI/ML
- Secondaries & Special Situations

## People

- Manuel Ernesto De Luque Muntaner — Founder and CEO
- Kevin Ballard — Founder and Chief Compliance Officer (CCO)
- Yannis Georgandelis — Partner and Chief Investment Officer (CIO)

## Questions

### Who runs investment decisions at BSF?

Yannis Georgandelis serves as Partner and Chief Investment Officer, leading manager selection and portfolio construction. He works alongside founders Manuel Ernesto De Luque Muntaner (CEO) and Kevin Ballard (CCO), who oversee the firm's operational and regulatory framework. The trio combines traditional asset management backgrounds with crypto-native investing experience.

### Is BSF a single manager or a fund-of-funds?

Blockchain Strategies Fund operates purely as a fund-of-funds, allocating capital to third-party crypto fund managers rather than investing directly in tokens or equity. The portfolio spans venture capital, liquid hedge fund, and early-stage token strategies. This structure provides LPs diversified exposure across managers, stages, and geographies within a single Luxembourg vehicle.

### What does CSSF registration mean for institutional allocators?

The Commission de Surveillance du Secteur Financier (CSSF) is Luxembourg's financial regulator, equivalent to the FCA in the UK or SEC in the US. BSF was the first dedicated crypto AIFM registered with the CSSF, meaning it operates under EU alternative investment fund manager rules, including custody, valuation, and reporting standards. This allows European institutions to access crypto strategies through a familiar regulatory wrapper rather than unregulated offshore entities.

### Does BSF invest directly or only through external managers?

BSF does not make direct investments—all capital flows through selected third-party fund managers. The firm conducts due diligence on crypto-native venture firms and hedge funds, then constructs a blended portfolio designed to capture returns across the digital asset ecosystem. This removes the burden of direct token custody and operational complexity from LPs.

### What's the relationship between Blockchain Strategies Fund, Block Asset Management, and Blockchain Investment Group?

Blockchain Investment Group (BIG) is the ultimate parent entity. Block Asset Management (BAM) operates as the investment manager under BIG, and BAM manages the Blockchain Strategies Fund (BSF) product. The structure is designed to separate corporate ownership from regulated fund management activities under Luxembourg law.

## Related profiles

- [Bite Investments](https://altss.com/profile/bite-investments)
- [Blockstone Capital](https://altss.com/profile/blockstone-capital)

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Updated: 2026-06-03T20:00:00.000Z

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