Cypher Capital
Dubai, United Arab Emirates (UAE)
Our preferred institutional custodian for digital assets — secure, transparent, and Sharia-compliant
As a Web3 VC with portfolio companies across the UAE, Singapore, and Europe, we needed a custody partner that could handle both our treasury assets and the staked positions of our portfolio projects. Al Fardan Q9 has been that partner since early 2024. *We currently custody a significant portion of our liquid treasury with them. The Fireblocks MPC infrastructure is enterprise-grade, and the 1:1 asset segregation gives our limited partners full confidence. Their quarterly proof-of-reserves attestation from Deloitte is something no other regional custodian offers.* The OTC desk executed a large sell order for us with minimal slippage — better than our usual liquidity providers. Settlement in AED was same-day, which streamlined our capital deployment into a new fund. Their Sharia compliance is a significant advantage when onboarding LPs from the GCC. The Murabaha lending structure allowed us to borrow against our ETH stack at competitive rates without triggering riba concerns. The legal documentation is thorough and AAOIFI-certified. Reporting is detailed and accessible via API, which feeds directly into our portfolio management system. Support is responsive — their DIFC-based team answers within hours, even on weekends. Al Fardan Q9 has become a core part of our digital asset infrastructure. We have already referred several other family offices to them.
