Hyla Fund Management

Hyla Fund Management

Hyla Fund Management was founded in 2017 in Oakland, California, under the name ChainLink Capital Management. The firm positioned itself early as a specialist allocator to external crypto hedge fund managers, building a portfolio of digital-asset strategies during the post-ICO maturation of the crypto fund industry. While the principals have maintained a low public profile, the firm's rebranding to Hyla Fund Management signaled a more institutional-facing posture, moving beyond an incubator-era identity into a recognizable fund-of-funds manager serving allocators seeking curated access to blockchain and digital-asset hedge funds. The firm's core strategy is manager selection and portfolio construction across the digital-asset hedge fund universe. Hyla deploys capital into both liquid token funds and venture-style crypto funds, providing exposure to managers trading spot, derivatives, and DeFi protocols as well as those making early-stage equity investments in blockchain infrastructure, Web3 applications, and decentralized finance startups. Two vehicles anchor the platform: the Hyla Liquid Venture Fund, which focuses on early-stage token and equity investments in blockchain projects, and the Amphibian Fund, a multi-manager vehicle designed to capture alpha across trading-oriented crypto hedge fund strategies. Geographic manager coverage spans North America, Europe, and Asia, reflecting the distributed nature of crypto talent pools and regulatory arbitrage in the asset class. The firm operates with an estimated sub-$50 million in assets under management, placing it in the emerging-manager tier of digital-asset allocators. The office remains in Oakland, and the team size has not been publicly disclosed. Hyla has not announced any separate private equity, venture capital direct-investment, or credit vehicles outside its fund-of-funds structure, nor has it disclosed membership in peer networks or philanthropic foundations. In the most recent cycle, the firm has continued fundraising for its core vehicles while adapting manager lineups to shifting crypto market regimes. No leadership changes or new vehicle launches have been formally announced. Hyla's structural distinction is its pure-play fund-of-funds model applied exclusively to digital assets — a narrow niche even within the small universe of crypto allocators. Most firms of comparable size in this space either make direct investments, run proprietary trading strategies, or operate as hybrid venture funds. Hyla instead functions as a gatekeeper, performing due diligence on crypto hedge fund managers and assembling portfolios that span both liquid and illiquid digital-asset strategies. This architecture makes the firm a concentrator of manager risk rather than an originator of deal flow, a posture that appeals to family offices and small institutions unwilling to build internal crypto-manager selection capabilities.