Capture Crypto's Upside in Every Market Regime Through DCY Digital Dynamic

DCY Digital Dynamic is reserved to professional and well-informed investors under Luxembourg law. The recommended investment amount is 1,000,000 EUR per investor; lower amounts, starting from 100,000 EUR (or the equivalent in USD, CHF, BTC, ETH or USDC), are accepted in accordance with applicable regulations, with adjusted terms.

DCY Digital Dynamic is a multi-strategy allocation focused on capturing crypto's upside across the full market cycle, rather than holding a fixed directional exposure to it. It invests in liquid crypto-assets only, which is what allows a portfolio of hedge-fund-style strategies to be offered with monthly liquidity.

Capital is deployed in two ways: directly, where DCY implements a strategy itself, and indirectly, on a fund-of-funds basis, through specialised managers and platforms admitted only after a deep operational and risk due diligence by DCY. Both routes feed four systematic engines:

• Systematic directional (trend-following): participating in sustained directional moves
• Mean reversion: capturing reversals in range-bound markets
• Market-neutral and yield-generating: returns with no directional exposure
• Relative value and long/short: spreads between related instruments, assets and venues

The list is deliberately open: the offering documents allow the General Partner to run any other strategy consistent with the objective, including holding cash or placing it with banks and brokers to earn interest when no regime is worth taking risk in.

A proprietary allocation model reads the market regime and shifts capital to the engine that fits it, informed by a blend of fundamental analysis, technical analysis and market research. In trends the portfolio leans directional; outside them, the neutral and yield engines take over. Defence is therefore structural rather than discretionary: it comes from how the portfolio is built, not from a decision taken once a drawdown has started. It aims to keep participation in uptrends while taking a fraction of the market's drawdown across the cycle.

The objective is to compound EUR across the full market cycle, with asymmetric, risk-adjusted exposure to crypto: capital preservation and drawdown management, diversification across strategies, counterparties and execution venues, and institutional-grade infrastructure (custody, administration, audit) come before short-term performance "bets".

DCY Digital Dynamic is set up in Luxembourg as a Special Limited Partnership (Société en Commandite Spéciale – SCSp) qualifying as an Alternative Investment Fund (AIF) under the Luxembourg AIFM Law of 12 July 2013 (AIFMD framework).

• The fund is managed by a Luxembourg General Partner (GP) which is registered with the CSSF (Luxembourg regulator).
• DCY acts as portfolio manager / investment advisor under delegation, selecting and monitoring the underlying strategies.
• The fund is a professional / well-informed investor vehicle, not a UCITS retail fund.
• An independent fund administrator, custodian and bank are appointed; all fees and expenses are reflected in the fund's NAV.

In short : you invest into a Luxembourg SCSp AIF, whose sole focus is to build and manage a diversified, all-weather portfolio of crypto strategies on your behalf.

Yes – DCY Digital Dynamic applies a one-off entry fee, a management fee, a performance fee on net new profits, and a declining exit fee.

1. Entry and management fees

• Entry fee: 1%, charged once on subscription.
• Management fee: 0.2% per year, charged in monthly instalments at the end of each month.

2. Performance fee (fund level)

• The fund charges between 5% and 10% of net new profits, depending on the size of the subscription.
• The performance fee is calculated with a strict High-Water Mark (HWM). Fees are only charged on profits above the previous peak NAV. Any past losses must be fully recovered before a new performance fee can be taken.
• It is crystallised at the end of each quarter, based on the official quarterly NAV.

This structure strongly aligns our interests with those of investors: if the fund does not generate net new profits above the HWM, no performance fee is charged.

3. Exit fee

• A declining exit fee applies to redemptions. It starts at 5% and decreases by 0.0833% for every month elapsed since the subscription (one percentage point a year) until it reaches zero: 5% − (months × 0.0833%), floored at 0%.
• In practice that means roughly 4% after one year, 3% after two, 2% after three, 1% after four, and no exit fee at all from the fifth year onwards.
• This fee is designed to discourage very short-term flows and to protect existing investors by maintaining a more stable capital base, which is important for rotating capital efficiently across the four engines.

4. Underlying managers' and platforms' fees

Since DCY Digital Dynamic invests partly on a fund-of-funds basis, the underlying managers and platforms may charge their own management, performance, trading or platform fees. These costs are already embedded in the net returns of the strategies and therefore reflected in the fund's NAV.

5. Operational costs

Standard operational expenses (administrator, custodian/bank, audit, legal, regulatory, etc.) are borne by the fund and accrued in the NAV. All fees and charges are described in detail in the offering memorandum and the LPA; there are no hidden fees.

DCY Digital Dynamic is designed as an open-ended AIF with periodic liquidity.

• Subscriptions are possible on a daily basis; redemptions are typically possible on a monthly basis, subject to a notice period of 30 calendar days before the dealing day.
• In normal market conditions, you may request a full or partial redemption at those dates; your position will be redeemed at the applicable NAV.
• In exceptional situations (e.g. severe market stress, suspension at an underlying platform, force majeure), the GP may apply standard gates, redemption limits or temporary suspension, as described in the LPA, to protect the interests of all investors.

The practical redemption calendar, cut-off times and payment delays are all summarised in the subscription documents and the LPA.

DCY Digital Dynamic is domiciled in Luxembourg, one of the leading jurisdictions worldwide for alternative investment funds.

• Legal form: SCSp (Société en Commandite Spéciale)
• Status: Alternative Investment Fund (AIF) under the Luxembourg AIFM Law of 12 July 2013, implementing the EU AIFMD
• Supervisor: the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg
• Governance: managed by a Luxembourg GP / AIFM registered with the CSSF; DCY acts as portfolio manager / investment advisor under delegation.

The fund is intended exclusively for professional and well-informed investors under Luxembourg law and can be marketed within the European Economic Area subject to the applicable AIFMD passport / national private placement regimes.

It is not a retail UCITS fund and not available to US Persons or other restricted categories of investors as defined in the offering documentation.

The investment process is straightforward and fully documented:

1. Initial contact & information
You receive the offering documentation (LPA / limited partnership agreement, PPM/IM, KID where applicable) and a description of the strategy, risks and fees.

2. KYC / AML onboarding
Our compliance team collects and verifies your documents (ID, proof of address, source of funds, corporate docs if applicable). Once validation is complete, we confirm that you are eligible to invest as a professional or well-informed investor.

3. Subscription documents
You complete and sign the subscription form and the LPA (usually via electronic signature). This confirms the amount you wish to commit/subscribe.

4. Payment of your subscription

• In fiat (EUR, USD or CHF): by bank transfer to the fund's account held at the appointed bank in Luxembourg.
• In crypto (BTC, ETH or USDC) via the fund's designated custodian wallet.

The exact bank and/or wallet details are provided in the subscription documents.