INDIGO Fund

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, Ethereum, Solana, XRP, and major stablecoins, 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 worked 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, bringing a network of high-net-worth individuals and US-based investors to the project.

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. The founding team spent the initial period developing the fund's core investment strategy and operational infrastructure, establishing institutional-grade processes for risk management, counterparty due diligence, and investor onboarding.

2022: Launch and Initial Capital

INDIGO Fund launched in early 2022 with approximately US$5.5 million in initial capital. Early investors included Winklevoss Capital, The Sandbox, and prominent hedge fund founders. Internationally recognised artist and entrepreneur BLOND:ISH played a key role in attracting early capital by connecting the fund 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. Assets under management grew 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 was covered by Business Insider, Yahoo Finance, and Access Newswire.

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

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

Products and Services

INDIGO Fund offers a range of institutional digital asset investment strategies and solutions:

Digital Asset Yield Strategies

The firm provides yield strategies across a 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

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

Institutional Treasury Solutions

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

Liquidity-Focused Portfolio Management

A central feature of INDIGO's offering is its emphasis on liquidity. Unlike many digital asset investment vehicles that impose long lock-up periods, INDIGO structures its strategies to prioritise investor access to capital. This approach is underpinned by continuous monitoring of risk and liquidity, active management of yield positions, and institutional onboarding and reporting frameworks.

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.

Operationally, 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

The firm is led by its three co-founders:

Thomas Puech — Co-Founder & Chief Executive Officer. Puech began his career at Christofferson, Robb & Company before joining Enigma Securities, where he rose to Managing Director. He oversees INDIGO Fund's 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 became Head of Sales Trading. At INDIGO Fund, he leads investment strategy, risk management, and capital allocation.
Vivie-Ann Bakos (BLOND:ISH) — Co-Founder & Master of Culture. An internationally recognised DJ and entrepreneur, Bakos brought a global network of high-net-worth individuals and cultural connections to the fund, bridging the worlds of digital assets, Web3, and entertainment.

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. SH Digital provides cryptocurrency-to-fiat liquidity, large-scale execution, and treasury solutions, serving as both a complementary service and a liquidity infrastructure partner for INDIGO Fund.

The fund has also established a 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 visible presence in the global digital asset and blockchain community through 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: Held events in Dubai supporting the fund's strategic positioning within the Middle East cryptocurrency 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 DeFi innovation.

Media Coverage

INDIGO Fund has received coverage in 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. Additional coverage has appeared in the Universal Business Journal.