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Belem Capital is a Luxembourg Alternative Investment Fund (AIF) registered with CSSF and providing institutional investors with seamless access to MEV Capital’s high-performing, market-neutral DeFi strategies, without direct exposure to digital assets, or centralized counterparty risk.
As a recognized asset manager with $800M in digital assets deployed on-chain since 2020, and over 50 professional clients, MEV Capital applies a sophisticated, risk-managed approach to yield generation. Belem Capital leverages this expertise within a fully regulated structure, ensuring institutional-grade security, compliance, and operational oversight. Through a combination of staking, liquidity provision, arbitrage, and lending strategies, the fund extracts sustainable yield while mitigating volatility and counterparty risks.
Liquid strategies for Institutional Investors
Ex: LFV des Vosges Investments, Capgemini
Ed: Hult, MBA ,
ESILV Msc. Computer Science, EPFL
Ex: ESL Investments, Association Familiale Mulliez, W3i Blockchain fund
Ed: Harvard Business School core executive
Ex: BNP, EY, UBS, Soc. Générale
Ed: Msc. Finance, ESSEC, Msc. Computer Science, Mines-Telecom
Ex: Soc. Générale, Jarvis
Ed: Msc. Finance, Shanghai Uni.
Ex: Soc. Générale, KPMG
Ed: Msc. Computer Science, Ingetis
Ex: Losless.io
Ed: Bsc. Economics, ISM Uni.
Ed: HEC Paris
Ex: Head of Equities & Derivatives APAC at Soc. Générale.
Ed: EM Lyon
Ed: Paris X Dauphine University
Ex: Bear Stearns, Andante Partners, W3i Blockchain Fund
Ed: Bsc Mathematics, Edinburgh Uni.
Ex: Nokia, Madvertise,
W3i Blockchain Fund
Ed: Bsc. Economics, ICADE Madrid
The Total Value Locked (TVL) in DeFi protocols — a metric akin to Assets Under Management (AUM) in traditional finance — has seen substantial increases with a global TVL reaching approximately $270B in January 2025.
Since 2020, DeFi has experienced significant growth, positioning itself as a notable segment within the financial industry.
It has generated more than $8B of cumulated income over the last 5 years, primarily through fees associated with various services provided by market participants, such as market-makers, lenders, and borrowers.
Total Value Locked in DeFi protocols
Monthly DeFi fees across all DeFi protocols
Since 2020, MEV Capital has established as a leader in the DeFi space with the strongest track-record in the sector.
With a team of 18 specialists, MEV Capital manages up to $1bn AuM, counts more than 50 professional clients and currently operates four Market-Neutral strategies.
AUM
$2M
Team Members
2
AUM
$4M
Team Members
4
AUM
$25M
Team Members
8
AUM
$100M
Team Members
10
AUM
$500M
Team Members
15
AUM
$1Bn
Team Members
18
AuM Growth
AuM
$2M
Team Members
4
MEV Capital becomes one of the first EU-regulated on-chain digital asset manager
Launch its first stablecoin-denominated strategy
AuM
$4M
Team Members
4
On-board first notable clients: HNWI’s, European FO’s, Funds of funds through Segregated Managed Accounts (SMAs)
AuM
$25M
Team Members
8
Creation of an ISIN registered note with MAREX solutions
Launch its ETH-denominated strategy
AuM
$100M
Team Members
10
Number of clients >30
MEV capital top 5 liquidity providers on DeFi protocols.
AuM
$500M
Team Members
15
Number of clients >50
AuM x 5 YoY
Launch its BTC-denominated strategy
AuM
$800M
Team Members
18
Scaling of the vaults curation activity
Launch its first SOL-denominated strategy
Launch its institutional-grade Luxembourg AIF vehicle Belem Capital
No need to manage private keys, smart contract interactions, or on-chain operations. The fund simplifies access to DeFi yield.
Transparent fund reporting, administration by Caibuo Capital - a leading independent investment fund services provider in Luxembourg - and fully regulated oversight streamline investment management.
No operational burden on investors; the fund enables efficient capital allocation with simplified onboarding and monthly liquidity options.
Name
Belem Capital
ISIN
LU3048151081 (USDC), LU3048150943 (BTC), LU3048151164 (ETH)
Fund structure
Luxembourg AIF (B294863)
Investor type
Accredited Investor
Underlying assets
BTC, ETH, USDC
Reference currency
EUR
Fund strategy
Extract Yield and capitalize on market inefficiencies across DeFi Protocols
Investment style
Opportunistic, Data-Driven, Active
Subscription / Redemption
Monthly
NAV
Monthly
Performance objective
9-20% average APY
Minimum commitment
250,000 EUR
Accepted currencies
EUR, USD, CHF, BTC, ETH, USDC
Fee structure (%)
2/20 with High Water-Mark
Profit tax
Transparent for client
Auditor
Auren Luxembourg
Custodian
Fordefi institutional MPC wallet
Depositary bank
Ebury Santander Group
Belem Capital is a Special Limited Partnership based in Grand Duchy of Luxembourg, under registration with the Register of Commerce and Corporations, with head office located 152 Boulevard de la Pétrusse, L-2330 Luxembourg.
152 Boulevard de la Pétrusse, L-2330 Luxembourg. RCS: B294863
Disclaimer
The content of this website is not intended for the account of U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) other than persons who are “qualified purchasers” (as defined in the United States Investment Company Act of 1940, as amended) and/or “accredited investors” (as defined in Rule 501(a) under the Securities Act).
Information in relation to BELEM CAPITAL is available through this website to institutional, professional and well-informed investors only. This website is reserved exclusively for non-U.S. persons and should not be accessed by any person in the United States.
Under no circumstances should any material at this website be used or considered as an offer to sell or a solicitation of any offer to buy securities, any other instruments or interests of any fund (described below), whether or not sponsored or managed by belem capital. in particular, this website is not intended as marketing of any fund in any member state of the european economic area for the purposes of the eu directive 2011/61/eu on alternative investment fund managers.
Any such offer or solicitation can and will be made only by means of the prospectus or explanatory memorandum of each such investment fund or other applicable document, only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements that are determined from time to time by belem capital in its sole and absolute discretion.
Access to Belem Capital's investment products may be restricted in certain jurisdictions. It is the investor’s responsibility to ensure compliance with applicable laws and regulations in their country of residence.
© 2025 Belem Capital. All rights reserved.
