CEO Update
January 2026
Asset Management - Month in Numbers
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AuM* up + 45 % in Jan 2026
Growth Momentum
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$ 230 M+ AuM Pipeline**
Future Revenue Visibility
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+ 1 Sovereign Allocation
* refers to $AuM ex-Xapo Byzantine Fund and ex-Syntetika (typical fee structure 2/20)
**refers to projected additional capital expected over the next 9 months, ex- Xapo Byzantine Fund and ex-Syntetika
*** read more >>
Strategy Performance
| 2025 | Jan-26 | |
| Basis + BTC | +20.19% | +0.95% |
| Basis + USD | +29.26% | -0.05% |
| MultiStrat USD | -0.46% | +17.83% |
Bitcoin Performance
| 2025 | Jan-26 | |
| BTC | -6.43% | -10.17% |
Strategies AuM Pipeline Exceeds $230M – Operational Capacity and Stability
Our projected additional AuM pipeline (refers to projected additional capital expected over the next 9 months, ex-Xapo Byzantine Fund and ex-Syntetika) has increased 11% in January to over $230M. This underscores our ability to scale institutional asset management offerings and our operational excellence across our platforms.
Market Insight & Other Updates
Market
Bitcoin has been under significant pressure since peaking at $126,000 in October 2025—down over 35% through January 2026. The pullback has been sharp, prolonged, and a painful reminder that crypto remains a volatile, cyclical asset class.
But here’s what separates noise from signal: while price-driven narratives dominated the downturn, our investment products, and diversified revenue model delivered exactly what they were designed to: resilience. Downturns separate infrastructure builders from speculators, and they create opportunity for disciplined capital. Institutional allocators with multi-year horizons are quietly accumulating at these levels; volatility expands the opportunity set for our strategies.
January was a down month for beta; it wasn’t a down month for discipline. That’s the entire point of our business model, and that’s why we remain confident heading into further into Q1.
Syntetika
In January 2026, Syntetika progressed foundation incorporation (Cayman/BVI), engaged stablecoin partners including Ethena for USD product demand. February focus will be on comprehensive testing ahead of the launch.
Disclaimer
This material is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy any financial instrument or investment product. Nothing on this website should be relied upon as investment, legal, tax or other professional advice.
The information and opinions expressed are based on sources believed to be reliable; however, no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. Hilbert Capital Ltd. accepts no liability whatsoever for any loss (direct, indirect or consequential) arising from the use of, or reliance on, this information.
Performance figures are provided for illustrative purposes only. Past performance is not indicative of future results. Returns are shown net of management and performance fees and transaction costs unless otherwise stated. All statistics are calculated based on monthly returns.