INDIGO Fund

INDIGO Fund
	File:File:INDIGO Fund.png
Type	Private Limited Company (British Virgin Islands Business Company)
Industry	Digital assets; Cryptocurrency; Decentralised finance (DeFi); Investment management
Founded	2021
Headquarters	Miami, Florida, United States
Area Served	Global
Key People	Thomas Puech (Co-Founder & CEO); Nathanael Cohen (Co-Founder & CIO); Vivie-Ann Bakos (Co-Founder & Master of Culture)
Products	Digital asset yield strategies; Market-neutral and relative-value strategies; Institutional treasury solutions; DeFi yield optimisation; Liquidity-focused portfolio management
Number of Employees	~15

INDIGO Fund (legally registered as INDIGO DIGITAL ASSET YIELD LTD) is a private digital asset investment platform incorporated in the British Virgin Islands, with headquarters in Miami, United States. Founded in 2021 by Thomas Puech, Nathanaël Cohen, and Vivie-Ann Bakos (known professionally as BLOND:ISH), INDIGO Fund specialises in institutional-grade digital asset yield strategies, combining traditional finance discipline with decentralised finance (DeFi) execution. The firm manages assets across Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and major stablecoins including USD, USDC, USDT, and EUROC, and serves a global client base comprising high-net-worth individuals, family offices, hedge funds, asset managers, and corporates.

Background and Founding

INDIGO Fund was founded in 2021 by Thomas Puech, Nathanaël Cohen, and Vivie-Ann Bakos, following several years of combined experience in institutional cryptocurrency markets. Puech and Cohen had both built careers at Enigma Securities, one of the first Financial Conduct Authority (FCA)-regulated institutional cryptocurrency brokerage firms in London, where they developed expertise in institutional trading, liquidity provision, and market structure. Bakos, known internationally as BLOND:ISH, is a globally recognised DJ and entrepreneur who had become an early advocate of digital assets, contributing a network of high-net-worth individuals and US-based investors to the venture.

The founding team identified a gap between traditional finance standards and the emerging decentralised finance ecosystem. INDIGO was created to bridge this gap by offering structured, institutional-grade access to digital asset yield strategies.

Problem Addressed

At the time of its creation, access to yield in digital assets was largely fragmented, opaque, and difficult to manage for institutional investors. INDIGO Fund was designed to:

Simplify access to yield opportunities in digital assets
Improve capital efficiency for institutional clients
Reduce operational complexity
Introduce risk-managed, liquid strategies within DeFi infrastructure

History

2021: Foundation and Strategy Development

The company was incorporated in 2021 as a British Virgin Islands Business Company. During its founding year, the team focused on developing the fund's core investment strategy and building its operational infrastructure, establishing institutional-grade processes for risk management, counterparty due diligence, and investor onboarding.

2022: Launch and Initial Capital

INDIGO Fund launched in 2022 with approximately US$5.5 million in initial capital. Early investors included Winklevoss Capital and The Sandbox, alongside prominent hedge fund founders and crypto-native investors. Vivie-Ann Bakos (BLOND:ISH) played a key role in the fund's early momentum by connecting the venture with her network of high-net-worth individuals and US-based investors exploring cryptocurrency exposure.

2023–2025: Growth and Expansion

Between 2023 and 2025, INDIGO Fund expanded its yield strategies across multiple digital assets and DeFi protocols, with assets under management growing to approximately US$25 million. The fund developed an international client base spanning the United States, Europe, the Middle East, and Asia.

In 2023, the fund reported an annual performance of 37.42%, which received coverage from Business Insider, Yahoo Finance, Access Newswire, and the Universal Business Journal.

Notable clients and partners during this period included Winklevoss Capital, The Sandbox, the CEO of MoonPay, and Barry Sternlicht, CEO of Starwood Capital.

A central operational challenge during this period was navigating rapidly evolving DeFi markets while maintaining institutional-grade risk management standards. INDIGO addressed this through liquidity-first strategies, diversification across protocols, and strict counterparty and execution frameworks, enabling the platform to operate through different market cycles.

Products and Services

Digital Asset Yield Strategies

INDIGO Fund provides yield strategies across a broad range of digital assets, including USD, USDC, USDT, EUROC, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. These strategies are designed to generate consistent, risk-adjusted returns through active management of yield positions across DeFi protocols and liquidity venues.

Market-Neutral and Relative-Value Strategies

The firm employs market-neutral and relative-value approaches to generate returns that are not directly correlated with the directional movement of cryptocurrency markets, prioritising capital preservation and risk control.

DeFi Yield Optimisation

INDIGO actively allocates across DeFi protocols to identify and capture yield opportunities, continuously monitoring risk and liquidity parameters to maintain a balanced and efficient portfolio.

Institutional Treasury Solutions

The firm offers treasury management solutions for corporates and institutional clients with digital asset exposure, providing managed access to yield without imposing long-term lock-up structures.

Liquidity-Focused Portfolio Management

A defining feature of INDIGO's offering is its emphasis on liquidity. Unlike many digital asset investment vehicles that impose extended lock-up periods, INDIGO structures all strategies to prioritise investor access to capital, supported by continuous risk monitoring, active position management, and institutional onboarding and reporting frameworks.

Unique Selling Points

INDIGO Fund differentiates its offering through the following characteristics:

Liquid strategies with no lock-up structures
Institutional-grade risk management applied to DeFi execution
Market-neutral approach to yield generation
Combination of traditional finance discipline and DeFi infrastructure
Simplified access to complex digital asset yield strategies

Operations and Compliance

INDIGO Fund operates as a British Virgin Islands Business Company. The firm positions its offering as a managed account and investment strategy, the regulatory classification of which varies depending on jurisdiction and client profile.

The firm applies internal compliance standards aligned with institutional best practices, including:

Know your customer (KYC) and anti-money laundering (AML) procedures for investor onboarding
Counterparty due diligence and risk assessment
On-chain monitoring and transaction oversight
Institutional custody solutions through third-party providers

Leadership

INDIGO Fund is led by its three co-founders:

Thomas Puech — Co-Founder & Chief Executive Officer. Puech began his career at Christofferson, Robb & Company and Square Global Markets before joining Enigma Securities, where he rose to Managing Director. At INDIGO Fund, he oversees global strategy, investor relations, capital raising, and business development.
Nathanaël Cohen — Co-Founder & Chief Investment Officer. Cohen began his career at Makor Securities before joining Enigma Securities, where he rose to Head of Sales Trading and was based in New York City near Wall Street. At INDIGO Fund, he leads investment strategy, risk management, and capital allocation.
Vivie-Ann Bakos — Co-Founder & Master of Culture. An internationally recognised DJ and entrepreneur, Bakos bridges the worlds of digital assets, Web3, and entertainment, bringing a global network of high-net-worth individuals and cultural partnerships to the fund.

The wider team comprises approximately fifteen employees.

Ecosystem and Partnerships

INDIGO Fund operates in close partnership with SH Digital, an institutional cryptocurrency brokerage co-founded by Thomas Puech and Nathanaël Cohen in partnership with a financial group led by the former CEO of MoneyGram. SH Digital provides cryptocurrency-to-fiat liquidity, large-scale execution, and treasury solutions, serving as a complementary service and key liquidity infrastructure partner for INDIGO Fund.

The firm has established a broader presence across the global Web3 ecosystem through partnerships with DeFi protocols and liquidity venues, strategic relationships with crypto-native and institutional firms, and active participation in major industry events.

Industry Events

INDIGO Fund has maintained a prominent presence in the global digital asset and blockchain community through a series of high-profile events and activations:

Paris Blockchain Week 2026 — Eiffel Tower Closing Event: Hosted the official closing party of Paris Blockchain Week at the Eiffel Tower, attended by over 300 institutional and industry guests, alongside the NRG token community.
Art Basel Miami — INDIGO Activation: Hosted a Web3 and cultural gathering during Art Basel Miami Beach.
Dubai — INDIGO & Pacha Ecosystem Events: Organised events in Dubai supporting the fund's strategic positioning within the Middle East cryptocurrency and hospitality ecosystem.
INDIGO Fund × AuraMembers × Sotheby's: Participated in a private event bridging digital assets, luxury, and culture in collaboration with Sotheby's.
London Business School Collaboration: Engaged with London Business School on digital asset and decentralised finance innovation.

Media Coverage

INDIGO Fund has received coverage across a range of international financial and technology publications. In 2026, co-founder Thomas Puech was quoted by Reuters on institutional cryptocurrency flows in the United Arab Emirates. The fund's 2023 annual performance of 37.42% was reported by Business Insider, Yahoo Finance, Access Newswire, and Cointribune. Co-founder Nathanaël Cohen has been quoted by Bloomberg on cryptocurrency markets and was featured in a Nasdaq publication on hedge fund activity in digital assets. Additional coverage has appeared in the Universal Business Journal and Tech Times.

References

External Links