Hyla Fund Management, a firm that invests in other hedge funds, is launching a $30 million fund focused on the Latin American crypto sector. The fund aims to give investors access to the region's crypto opportunities, which Hyla CEO Paola Origel believes are significant but challenging to break into due to cultural differences. The fund will invest in venture capital funds in Latin America, with Origel highlighting Mexico as a market with few existing options. Hyla sees the fund as a bridge between traditional investors and the crypto ecosystem, providing access to fund managers and founders in the space. The firm hopes to become the "Goldman Sachs for digital assets" and plans to launch the Latin America fund in January 2025. Origel sees crypto as having a transformative impact on Latin American economies, particularly in areas such as remittances and mobile payments. She believes the region has the potential to produce global unicorns.



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