Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$6.95KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $6.95K | -- | -- | -- |
| Oct 2026 | $28.06K | -- | -- | -- |
| Sep 2026 | $22.9K | -- | -- | -- |
| Aug 2026 | $17.33K | -- | -- | -- |
| Jul 2026 | $12.44K | -- | -- | -- |
| Jun 2026 | $11.34K | -- | -- | -- |
Comparison
Team
Fundraising
Investment
Follow Updates
Follow Lists
People
About Hyperithm
Hyperithm is a digital asset manager operating from Tokyo and Seoul that runs market-neutral strategies: cross-exchange and cross-chain arbitrage, spot versus perpetual basis and funding-rate arbitrage, statistical arbitrage and options hedges. It builds its own trading stack in Rust to keep latency low and executes on centralized venues and on-chain markets alike. Clients are institutions and high-net-worth individuals in Japan and Korea, reached through qualified institutional investor funds and segregated accounts, with additional market-making and treasury work for protocol foundations.
The regulatory setup is what separates it from offshore funds: it holds the specially permitted business filing for qualified institutional investors in Japan and a virtual asset service provider licence in Korea, so it can raise locally without routing through a Cayman vehicle. Strategies are mainly arbitrage, and capacity is directly tied to the number of venues it can access and to the scope of those two licences.
Founded in January 2018 and headquartered in Tokyo with a Seoul office, Hyperithm has established itself as a premier digital asset manager bridging traditional finance and crypto. The company focuses on quantitative trading and arbitrage strategies, built by a team of ex-investment bankers and International Science Olympiad medalists, with algorithms developed in Rust. A key long-term milestone is its evolution into a regulated crypto prime broker serving institutional investors, emphasizing robust risk management. Over the years, Hyperithm has expanded beyond crypto-only operations, launching its first U.S. equity trading strategy (CTA Systematic Alpha) in 2025, marking a strategic shift into traditional markets. The firm has also secured Series C funding led by Coinbase Ventures, reinforcing its position in the Web3 ecosystem. With a track record of nine years in digital asset arbitrage, Hyperithm continues to compound returns while supporting rising teams through venture investments, solidifying its role as a digital asset gateway for institutions.
In 2026 Hyperithm continued to build credibility for its market-neutral approach on published numbers: as of July, more than 92% of the previous twelve months' weeks were positive, the Sharpe ratio since 2018 stood at 3.7, and the group employed more than 40 people. In February the firm joined Cork Protocol's 5.5 million dollar seed round, adding tokenised risk to its investment remit.
In March Samsung Securities published research coverage of Hyperithm's market-neutral crypto strategy, and on 29 May and 28 July its two co-chief executives spoke to Bloomberg about the crypto shadow market for SpaceX pre-IPO exposure and onchain equity arbitrage. On the product side, its aHYPER token represents shares in a Monad yield vault running a delta-neutral MON basis strategy with real-time solvency verification from a third party; onchain assets under management are about 41.8 million dollars, roughly 17.6 million of it deployed into lending markets such as Euler. The firm holds a Japanese FSA registration as an operator of Specially Permitted Businesses for Qualified Institutional Investors.
Hyperithm's team will broaden its onchain yield vaults and basis strategies, standardise compliance reporting for institutional clients, and keep extending licensed activity in Japan and Korea.
Lloyd Lee — Co-founder & CEO; former quantitative engineer at SoftBank and Naver; co-founded Hyperithm in 2018.
Sangrok Oh — Co-founder & CEO; ex-derivatives trader. Headquartered in Tokyo and Seoul, backed by Coinbase Ventures, Hashed and Samsung Next, and licensed by Japan's FSA and Korea's FIU.
Hyperithm is registered with Japan's Financial Services Agency for Specially Permitted Businesses for Qualified Institutional Investors, a fund-management permission, and holds a Korea Financial Intelligence Unit virtual asset service provider licence for crypto prime brokerage.