Atlas Capital Team L.P.

What Atlas Capital Team L.P. does

Atlas Capital Team L.P. is a private, Washington-based alternative multi-asset investment manager (11–50 employees) founded in 2016, organized around the "Technodollar" thesis — a digitally native dollar reserve backed by a diversified claim on the American productive economy. The firm operates through two principal product entities: the SEC-registered, Nasdaq-listed Atlas America Fund (USAF), an actively managed ETF launched in November 2024 that holds a five-sleeve basket spanning U.S. Treasuries, TIPS, gold, agricultural and energy commodities, climate-resilient REITs, and defense/cybersecurity equities; and USAFi, a tokenized ERC-20 expression of USAFi/USB issued by its Dubai subsidiary Atlas AI Labs FZE under VARA regulation, scheduled for Q3 2026 launch.

The underlying technology stack combines classical statistical and machine-learning models for macro regime classification and factor decomposition with LLM-driven research under a multi-agent framework (Research → Execution → Oversight → Decision). Investment Committee authority, chaired by Dr. Nouriel Roubini, retains final approval on all allocation decisions. Reserve assets are custodied at BNY Mellon in segregated, bankruptcy-remote accounts, while on-chain operations run on Fireblocks custody with SoftLedger-driven daily reconciliation and a Proof-of-Reserve attestation process. Pricing is fee-based: 75 bps annually on USAF ETF NAV and 60 bps on USAFi token primary issuance, for an approximate all-in of 135 bps.

The go-to-market is bifurcated: USAF is distributed through any U.S.-ETF-supporting brokerage via Foreside, while USAFi is distributed only through VARA-licensed distributors that perform KYC/AML/sanctions screening, with U.S. persons explicitly excluded. Target customer segments include Gulf and international family offices, sovereign-linked institutional allocators, DAOs and on-chain treasuries, and DeFi protocols seeking institutional-grade on-chain collateral. Lead generation is driven primarily by earned media coverage (Bloomberg, FT, WSJ, CNBC, Barron's) and selective conference appearances (SALT 2026, AIM Summit). The firm has no institutional investors named, and revenue, AUM, and headcount figures are not publicly disclosed.

Name

Atlas Capital Team L.P.

Legal name

Atlas Capital Team Inc.

Website

https://atlascap.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Atlas Capital Team is a private multi-asset investment manager that runs the SEC-registered Atlas America Fund (USAF) ETF on Nasdaq and is launching USAFi, a VARA-regulated tokenized expression of the ETF, with AI-assisted allocation overseen by an Investment Committee chaired by Dr. Nouriel Roubini. The firm serves non-U.S. family offices, sovereign-linked allocators, DAOs, and DeFi protocols seeking institutional-grade, on-chain dollar reserves.

Ownership category

akta.pro rank

Product category

Alternative Multi-Asset Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Multi-asset investing
• Alternative asset management
• Tokenized reserve assets
• AI-driven allocation
• Wealth preservation strategies

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. ETF Management Fee: 75 basis points annual management fee charged at the USAF ETF level, accruing on underlying NAV, paid to Atlas as fund manager.
2. Token Issuance Fee: 60 basis points issuance fee charged at the USAFi token layer by the Issuer (Atlas AI Labs FZE). Combined all-in fee approximately 135 basis points.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Atlas Capital Team is an alternative multi-asset investment manager that operates the USAF ETF (Nasdaq: USAF), an SEC-registered actively managed fund holding a diversified basket of U.S. Treasuries, TIPS, gold, agricultural and energy commodities, defense and cybersecurity equities, and climate-resilient REITs. The firm is launching the USAFi token, a VARA-regulated ERC-20 security token representing on-chain ownership of USAF ETF shares held in segregated custody at BNY Mellon. Portfolio construction is driven by an AI-assisted Agentic Allocation Engine operating under Investment Committee authority, with allocation decisions subject to human approval by a committee chaired by Chief Economist Dr. Nouriel Roubini.

Product overview

Atlas Capital Team L.P. offers a layered product architecture anchored by the 'technodollar' concept—a digital dollar reserve designed for the AI era. The core portfolio consists of USAF (Atlas America Fund), an SEC-registered actively managed ETF on Nasdaq, which holds a diversified basket of five sleeves spanning seven asset classes: US Treasuries, TIPS, gold, agricultural and energy commodities, defense and cybersecurity equities, and climate-resilient REITs. USAFi is the tokenized on-chain expression of USAF, issued by subsidiary Atlas AI Labs under VARA regulation, enabling blockchain-based ownership verification and programmable settlement. The Agentic Allocation Engine uses AI multi-agent systems for research and regime-classification, with all allocation decisions subject to Investment Committee approval. Together, the ETF, token, and AI allocation engine form an integrated system where USAF holds the assets, USAFi provides the blockchain rail, and the AI engine manages adaptive allocation.

Differentiator

Problem solved

Functional benefit

Products and services

• USAF (Atlas America Fund) ETF SEC-registered, actively managed ETF listed on Nasdaq (Ticker: USAF) that holds a diversified basket of U.S. Treasuries, TIPS, gold, agricultural and energy commodities, defense and cybersecurity equities, and climate-resilient REITs, with reserves custodied at BNY Mellon. Operating under the Investment Company Act of 1940, it serves as the underlying reserve asset backing the tokenized USAFi expression, charging a 75 basis points annual management fee. Targeted at institutional investors and family offices seeking dollar-denominated wealth preservation across inflation, geopolitical, and monetary stress events.
• USAFi Token ERC-20 token (with equivalent standards on other chains) issued by Atlas AI Labs FZE representing the on-chain expression of the USAF ETF, with 1,000 tokens per ETF share backing ratio. The first regulated permissionless security, backed by SEC-registered ETF shares held in segregated custody at BNY Mellon, with an issuer freeze function for sanctions enforcement and primary issuance limited to VARA-licensed distributors. Designed as a store of value beneath stablecoin payment rails rather than a medium of exchange, for non-U.S. family offices, DAOs and on-chain treasuries, sovereign-linked allocators, and DeFi protocols.

Quantifiable outcome

• USAF ETF returned 12.61% cumulative from November 19, 2024 to March 31, 2026, with 4.31% max drawdown, 6.23% annualized volatility, and 0.74 Sharpe ratio — independently calculated by the fund administrator
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Bank of New York Mellon (BNY Mellon)coreOthersBNY Mellon serves as the custodian for the USAF ETF reserve assets, holding them in segregated custody that is ring-fenced and bankruptcy-remote from the Issuer's operations. Reserves are not commingled with the Issuer's assets and are reserved exclusively for token holders. BNY Mellon also produces the custody records against which independent proof-of-reserve attestations are reconciled.
• SecuritizecoreTechnology or IntegrationSecuritize serves as the technology and issuance partner for USAFi in the UAE, providing the digital securities infrastructure for token issuance and lifecycle management on the ERC-20 standard (with equivalents on other chains).
• ForesideminorChannel Partner/ Reseller/ DistributorForeside provides distribution services for the USAF ETF, supporting the broker/dealer network that distributes the fund through standard brokerage infrastructure.
• FireblockscoreTechnology or IntegrationFireblocks provides the custody and wallet infrastructure for USAFi token issuance and operations. The platform is configured with segregated vaults for issuance and operational wallets, enforcing multi-signature approval (minimum two authorizations — CO and Finance Officer) and ensuring private keys are never stored outside HSM modules. Fireblocks transaction logs are monitored for unusual patterns and unauthorized key access.
• SoftLedgercoreTechnology or IntegrationSoftLedger provides reconciliation services for USAFi, performing daily reconciliation of on-chain token supply against off-chain ETF holdings. Any discrepancy exceeding 0.1% triggers immediate escalation to the CCO and CFO. SoftLedger data feeds into quarterly VAAS-01 scorecard assessments.
• NasdaqcoreOthersThe Atlas America Fund (USAF) is listed on Nasdaq (Ticker: USAF), operating as an actively managed ETF under the Investment Company Act of 1940. The ETF strikes a daily NAV and holds the multi-asset basket that backs the USAFi token.
• Nouriel RoubinicoreOthersDr. Nouriel Roubini, the economist nicknamed 'Dr. Doom' for predicting the 2008 financial crisis and COVID-19 recession, serves as Chief Economist and Co-Founder of Atlas Capital Team. He co-authored the USAFi whitepaper and chairs the Investment Committee. His involvement represents a reversal from his previous stance as one of the most prominent cryptocurrency critics. He chairs the fund's investment committee and provides macroeconomist credibility to the initiative.
• Julius BaerminorOthersJulius Baer's currency strategists have described the concept of the 'technodollar,' naming it as a dollar 'underwritten by digital infrastructure, platform power, and the global scramble for AI capacity.' Atlas references this analysis in framing the technodollar as the dollar's third form.
• Independent Third-Party AuditorcoreOthersAn independent third-party auditor appointed by the Board of Directors conducts audits at least every six months, verifying: (1) the number and value of USAFi tokens in public circulation, and (2) the composition and value of Reserve Assets. An annual audit of financial statements is also commissioned. The auditor's name will be named at launch.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 21Shares: 21Shares is one of the largest issuers of crypto ETPs and has expanded into actively managed, multi-asset crypto and tokenized products. Directly comparable to Atlas as a regulated fund issuer bridging traditional asset management and crypto rails, though focused on crypto ETP wrappers rather than multi-asset baskets.
• WisdomTree: WisdomTree operates a broad ETF franchise and has launched tokenized versions of select funds (e.g., WisdomTree Prime). Directly comparable to Atlas for combining traditional ETF issuance with on-chain tokenized expressions of the same underlying strategies, targeting both brokerage and crypto-native investors.
• Hashdex: Hashdex is a crypto asset manager that launched a Nasdaq-listed crypto index ETF (HASH) and operates multi-asset digital-asset strategies. Comparable to Atlas as a publicly listed crypto-themed ETF issuer pursuing institutional-grade access to diversified digital exposure.
• Bitwise Asset Management: Bitwise is a crypto-focused asset manager with multiple SEC-registered crypto ETFs and a research-driven investment thesis. Comparable to Atlas as a regulated, ETF-led crypto asset manager, though Bitwise focuses on direct crypto exposure rather than tokenized multi-asset wealth preservation.

Broad incumbents

• Franklin Templeton (OnChain US Government Money Fund): Franklin Templeton's BENJI tokenized money market fund is a flagship example of a major asset manager tokenizing a regulated fund. Comparable to Atlas as a regulated, SEC-registered fund with a tokenized on-chain expression, though Franklin operates across a vastly broader product set and is not multi-asset thematic.
• Galaxy Digital: Galaxy Digital is a diversified crypto financial services firm spanning asset management, trading, and investment banking. Comparable to Atlas as a sophisticated institutional crypto asset manager serving family offices and institutions, though with much broader scope including trading and venture.
• Grayscale Investments: Grayscale is the largest crypto asset manager with multiple spot crypto ETFs and a long-running private placement franchise. Comparable to Atlas as a leading regulatorily evolving crypto asset manager offering institutional-grade crypto exposure via fund structures, though with different product mix and longer history.

Emerging players

• Ondo Finance: Ondo Finance issues tokenized U.S. Treasury and yield products (OUSG, OMMF) targeted at crypto-native treasuries and DeFi. Comparable to Atlas as a tokenized reserve-asset provider serving DAOs and DeFi protocols, though focused narrowly on yield-bearing Treasury wrappers rather than diversified multi-asset baskets.
• Paxos: Paxos issues regulated stablecoins (USDP, PYUSD on behalf of PayPal) and tokenized assets, with bank-level oversight. Comparable to Atlas as a regulated digital-asset issuer building institutional-grade on-chain products, though Paxos is focused on dollar-pegged stablecoins and gold tokens rather than floating multi-asset baskets.
• Hashnote: Hashnote issues yield-bearing tokenized U.S. Treasury products (USYC) targeting institutional and crypto-native treasury use cases. Comparable to Atlas as a tokenized reserve-asset provider pursuing institutional credibility, though focused on Treasury yield wrappers rather than diversified multi-asset baskets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Atlas Capital Team L.P.