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IVBF SICAV p.l.c · Malta

Assets go digital.
Take your part.

Two regulated sub-funds, two ways to take your part.
Core invests in the assets that benefit most from tokenization.
Yield earns interest by providing liquidity on-chain.

Explore the Core Fund Explore the Yield Fund

The thesis

Tokenization has started. Most of the road is ahead.

What tokenized real-world assets are worth today, and where published forecasts put them by 2030. The room to grow is immense. We use tokenized assets in DeFi and in our own operations, so we see first-hand which companies, tokens and protocols gain the most.

Tokenized real-world assets on-chain
Year
You are here
of US Treasuries, credit, commodities and stocks is tokenized
Room to growth
Share of each market that is tokenized

Sources: rwa.xyz; Boston Consulting Group (BCG); Citi Institute; McKinsey & Company; IVBF estimates and calculations.

Core Fund

Invest in the winners of the tokenization race.

Core Fund
Directional
Target
> BTC
Outperform Bitcoin
Invest with IVBF →
High-conviction positions in stores of value, revenue-generating protocols and listed crypto equities
Accepts volatility deliberately, in exchange for cycle-length upside
For growth-seeking investors with a multi-year horizon
ISIN MT7000039152
Three directional pillars
01
Stores of value
Bitcoin first — the reserve asset that nations and treasuries are still underweight.
BTCZECETH
02
Listed crypto equities
Public fintechs monetising blockchain rails and asset tokenization.
HOODCOINSOFICRCL
03
Revenue-generating tokens
Protocols with real fees and tokenomics that return value to holders.
HYPELINKENAUNI

Yield Fund

Interest for providing liquidity on-chain.

Yield Fund
Delta-neutral
Target
> HYG
Outperform high-yield bonds
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Yield harvested from arbitrage, basis and on-chain credit
Stablecoin-denominated; built to outperform high-yield bonds, not to track them
For capital preservation with a materially better coupon
ISIN MT7000036612
Three diversified sources
01
Arbitrage & basis
Cross-exchange, cross-chain and funding-rate spreads, captured systematically.
02
DeFi prime brokerage
Fixed-maturity liquidity to institutional desks, locking the rate in advance.
03
RWA-backed lending
Overcollateralized credit against treasuries and regulated tokenized securities.

Counterparties

We name who we trade with

Every venue, vault and lender in the book is an institution with a regulator, an audit trail, or both.

FalconX
Institutional digital-asset prime broker
Maple
Institutional on-chain credit pools
Midas
Tokenized institutional yield vaults
Securitize
Regulated tokenized securities issuer
Hyperithm
Crypto prime broker & quant manager
Huma PayFi
Global payment financing network
Neutral Trade
On-chain quant strategy marketplace
Accountable
Real-time ZK financial verification
Strategy
Augmented digital capital company
Pendle
Yield tokenization and fixed-rate on-chain markets
Ondo Finance
Tokenized US treasuries and institutional RWA issuance
Kraken
Regulated exchange and institutional trading venue

Who manages the money

Run by operators, backed by a regulated structure.

$20M+
Assets under management
15+ yrs
Private-equity heritage
MFSA
Supervised, EU-domiciled
Monthly
NAV, subscriptions, redemptions
Pavel Přecechtěl
Pavel Přecechtěl
Head of Investments
A decade in crypto markets, from the first DeFi cycle onward.
Portfolio allocation, liquidity deals and on-chain strategy.
Active angel investor across the blockchain ecosystem.
Tomáš Hnilička
Tomáš Hnilička
Managing Partner
Traditional finance background with deep CFO experience.
Scaled venture-backed companies: Liftago, Geewa, Safetica.
Built the VC practice at Impulse Ventures.

IVBF is the digital-asset arm of Impulse Capital — fifteen years of private-equity and venture investing across Central Europe, with the exits to show for it.

Kiwi.com
Shoptet
Mall.cz

Structure & safeguards

Regulated where it counts

A Maltese SICAV under MFSA supervision, an independent administrator striking NAV monthly, and assets held in qualified custody.

Vehicle
IVBF SICAV p.l.c
Malta, incorporated 2025 · MFSA supervised
Custody
Anchorage Digital
Qualified custodian · multi-signature wallets
Administrator
Fexserv Fund Services
Independent monthly NAV, audited accounts
Minimum Investment
EUR 125,000
Qualified investors only
Liquidity
Monthly
Subscriptions and redemptions, no lock-up
Management fee
1.5% / 2.0%
Yield Fund / Core Fund, on AUM
Performance fee
15% / 20%
Yield Fund / Core Fund, High-watermark applied
Reporting
Monthly NAV + Portal 24/7
Position-level transparency for investors

Next step

Start with the numbers,
then decide.

Tell us which mandate interests you and we'll send the fact sheet and full track record. No pipeline, no follow-up sequence — a conversation between professionals.

Request the fact sheet