Distributed Network Advisors

What Distributed Network Advisors does

DNA Fund (legally DNA Holdings Venture Inc., a Delaware corporation operating from San Juan, Puerto Rico) is a private digital-asset investment manager founded by Brock Pierce and Scott Walker. It runs thesis-driven and market-neutral investment vehicles—principally the DNA Liquid Token Fund (inception February 2021) and the DNA High-Yield Fund—targeting institutional investors, family offices, and high-net-worth individuals seeking managed exposure to liquid crypto tokens and stablecoin yield. The firm operates two-plus cycles of track record against a crypto total market capitalization that reached $3.9 trillion in 2024 per TradingView data.

Portfolio construction is built on a proprietary macro regime nowcasting model that classifies market states (Reflation, Inflation, Deflation, Goldilocks) and a systematic beta-targeting framework that calibrates Bitcoin exposure based on observed historical risk-adjusted returns. Sentiment analysis over macroeconomic and industry-specific data points is layered in to allocate to tokens and sectors with the highest asymmetric upside. Reported fund outcomes include 19.04% annualized return with a 15.83% max drawdown for the Liquid Token Fund since inception and approximately 18.4% annualized gross yield for the High-Yield Fund as of 12/31/24, against a target of 10-18% net annualized. Revenue is earned via management fees on fund AUM, with implied performance-based fees, distributed through a direct, relationship-driven GTM targeting enterprise and family-office buyers.

The firm's distribution and brand rest on the founders' track record as early bitcoin miners and creators of Tether (first stablecoin), Mastercoin (first ICO), and BCAP (first security token), with claimed involvement in 100-plus Web3 project launches and assistance raising in excess of $1B for Web3 companies. The fund-management core is wrapped in an ecosystem of wholly-owned platforms—DNA Deal Desk (deal flow), DNA Financial (capital-markets services), and DNA House (events and investor community)—and the firm has expanded into Latin America and the Middle East via investor events scheduled for 2025. Headcount is reported at 1-10 employees, and revenue, AUM, and detailed fee schedules are not publicly disclosed.

Name

Distributed Network Advisors

Legal name

DNA Holdings Venture Inc.

Website

https://dna.fund

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

DNA Fund is a private digital-asset investment manager operating the DNA Liquid Token Fund and DNA High-Yield Fund for institutional and high-net-worth investors, using macro regime analysis and sentiment data.

Ownership category

akta.pro rank

Product category

Digital Asset Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Active Crypto Asset Managers (Discretionary) (FSADAHAA)

akta.pro secondary industries

Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE), Syndicated Crypto Loans & Credit Facilities (FSADAFAK)

Keywords

• Crypto investment management
• Digital asset funds
• Venture capital advisory
• Stablecoin yield strategies
• Web3 deal flow

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management (Management Fees): DNA Asset Management generates revenue through management fees charged on assets under management across its investment fund vehicles including the DNA Liquid Token Fund and DNA High-Yield Fund.
2. Performance-Based Fees (Implied): Investment fund structures typically include performance fees or carried interest based on fund returns above specified benchmarks, contributing to overall revenue alongside management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Distributed Network Advisors (DNA Fund) operates a digital asset investment management platform that offers thesis-driven crypto investment funds and market-neutral yield strategies to institutional investors and high-net-worth individuals. Its core vehicles are the DNA Liquid Token Fund (diversified liquid token exposure) and the DNA High-Yield Fund (stablecoin lending), complemented by the DNA Deal Desk (deal flow), DNA Financial (financial services), and DNA House (community/events) platforms. Portfolio construction is guided by proprietary systematic frameworks built on macroeconomic regime analysis and sentiment data.

Product overview

DNA Fund operates as a multi-fund investment management platform focused on the digital asset and crypto market. The core offerings consist of the DNA Liquid Token Fund (thesis-driven exposure to liquid tokens) and the DNA High-Yield Fund (market-neutral stablecoin lending strategy). These are complemented by supporting platforms including DNA Deal Desk (deal flow and investor network), DNA Financial (financial services), and DNA House (events and community). The funds leverage macroeconomic insights and systematic approaches to identify asymmetric opportunities across market cycles.

Differentiator

Problem solved

Functional benefit

Products and services

• DNA Liquid Token Fund Thesis-driven crypto investment fund providing diversified exposure to a portfolio of liquid tokens; leverages sentiment analysis combined with macroeconomic and industry-specific data to allocate to sectors and projects within crypto with the highest asymmetric upside. Designed for institutional investors and high-net-worth individuals seeking professionally managed, risk-managed exposure to the digital asset class.
• DNA High-Yield Fund Market-neutral crypto yield fund that lends dollar-denominated tokens (stablecoins) to traders to generate yield in US Dollars, targeting returns above US Treasuries on a risk-adjusted basis. Targets 10–18% annualized net returns and offers downside protection during crypto bear markets. For institutional and high-net-worth investors seeking crypto exposure without underlying token volatility.
• DNA Deal Desk Deal flow platform that connects investors with crypto and Web3 projects to expand their ecosystem and scale growth through DNA's network of experienced professionals. For institutional investors, family offices, and Web3 projects.
• DNA Financial Financial services platform integrated with the broader DNA ecosystem. For clients of DNA's investment management and advisory services.
• DNA House Events and investor community platform providing networking opportunities and deep dives into emerging projects, designed to connect investors, industry leaders, innovators, and potential partners within the DNA ecosystem.

Quantifiable outcome

• DNA Liquid Token Fund achieved 19.04% annualized return with 15.83% max drawdown since February 2021
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• DNA Deal DeskcoreStrategic or Co-development PartnerDNA Deal Desk is a related platform operated by DNA Fund that serves as a deal flow platform for investment opportunities, connecting investors with crypto and Web3 projects seeking capital.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Grayscale Investments: Largest specialized crypto asset manager offering discretionary fund vehicles (e.g., Grayscale Bitcoin Trust, single-asset trusts and diversified products), the most direct competitor to DNA's multi-fund liquid-token and yield strategies.
• Bitwise Asset Management: Specialized crypto asset manager offering index/thematic funds and separately managed accounts to RIAs and institutions. Competes with DNA for the same institutional allocators seeking diversified liquid-token exposure.
• Multicoin Capital: Thesis-driven crypto fund manager running liquid-token and venture vehicles with macro/thematic positioning. Comparable to DNA in approach (thesis-driven liquid tokens, macro-aware) and target investor base.
• Polychain Capital: Crypto-native investment firm managing liquid token and venture strategies. Closely comparable to DNA on thesis-driven liquid-token allocation and the use of venture-network deal flow.
• Galaxy Digital: Public crypto asset manager running liquid and venture strategies alongside trading and advisory. Overlaps with DNA across discretionary crypto fund management and broader advisory services.
• Coinbase Asset Management: Operates crypto index funds and yield products for institutional and retail under the Coinbase brand. Directly comparable to DNA Liquid Token Fund and DNA High-Yield Fund products.
• Pantera Capital: One of the first crypto-focused fund managers with both liquid-token hedge fund and venture vehicles. Directly comparable to DNA on multi-strategy crypto fund management serving institutional and HNW investors.

Broad incumbents

• Bain Capital Crypto: Crypto-focused investment arm of a major alternative asset manager, deploying both liquid and venture capital. Comparable to DNA on strategy but with significantly larger institutional backing and operational scale.
• 21Shares: Larger crypto ETP sponsor with broad institutional and retail distribution in Europe and US. Adjacent to DNA as a crypto asset manager but product-focused on exchange-traded structures rather than private funds.

Emerging players

• HashKey Capital: Asia-based crypto asset manager running liquid-token and venture strategies. Comparable in strategy mix to DNA though focused primarily on the Asia-Pacific region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/ThisIsDNA
• YouTubeyoutube.com/@dna_fund
• LinkedInlinkedin.com/company/distributed-network-advisors
• Instagraminstagram.com/dna.fund

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Distributed Network Advisors