List of the 100 largest Crypto Single Family Offices [2022 Update]

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This list includes 110 single family offices from our worldwide single family office list that mention cryptocurrency and blockchain keywords on their website. Many family offices thereof are actively investing in the crypto space.

The list includes contact details, investment details, portfolio companies, executives and background information (to the extent of public availability and/or disclosure by the family offices). The list was created on September 20th, 2022. 

free preview file is available upon request at contact [at] familyofficehub.io.

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You might also like the list of the 700 largest crypto venture capital investors, curated by our partner portal thousandinvestors.com.

Description

List of 3 large Crypto Single Family Offices

After the initiation of the Bitcoin in 2009 and the closely connected Blockchain technology, the rise of the cryptocurrencies and corresponding Blockchain-based startups begun. In recent years, crypto assets got also the attention of several single family offices. In the following, we are highlighting 3 exciting single family offices from our list.

1. Winklevoss Capital (USA)

Tyler and Cameron Winklevoss launched their family ofice Winklevoss Capital in 2012. In 2012, they owned 1% of the total Bitcoin circulation. Their family office is a leading investor in startups, especially from the crypto and Web3 space. Portfolio companies include Alliance, BlockFi or Protocol Labs. However, they are also maintaining a significant cryptocurrency portfolio, amongst other including Bitcoin, Filecoin or Ethereum. The average crypto keyword rate at Winklevoss Capital’s website lies at 4.3%.

2. Nikolajsen Capital AG (Switzerland)

Niklas Nikolajsen is one of the most important persons in the Swiss crypto-financial industry. He founded Bitcoin Suisse in 2013 and was an early-stage crypto investor. Through his family office, which he established in 2018, he invests in the crypto sector. On the family office website, the average cryptocurrency keyword rate lies at 6.5%. Nikolajsen, who was born in Denmark, earned more than 20M CHF in 2018 through his cryptocurrency trading. In the end of 2021, he stepped back as director of Bitcoin Suisse AG.

3. Double Peak (Hong Kong)

Double Peak is a Hong Kong-based family office that invests heavily in the digital asset and blockchain space. The family office also hosts its own esports team. Double peak invests in crypto verticals such as infrastructure, DeFi, NFTs and Gaming as well as Analytics. For instance, in the DeFi space, the family office invested in Optim, Ratio Finance, deBridge and other ventures. The average keyword rate lies at 1.7%.

How many family offices are investing in the crypto sector?

Our keyword crawler identified 110 single family offices that invest in cryptocurrencies, blockchain startups, DeFi and Web3 applications. Based on a total number of 1,600 global family offices in our database, that leads to a coverage rate of 6.7%. This shows that the crypto sector is still rather unexplored by family office investors. Our list includes firms like Winklevoss Capital, Nikolajsen Capital and Double Peak.

Investments in cryptocurrencies, blockchain startups, Web3 and DeFi

Our research team analyzed the investment patterns of single family offices in the crypto sector. While we can see that some family offices are relying for their crypto strategies on third-party asset managers, many family offices are also directly investing in startups and cryptocurrencies. This can mean direct investments in cryptocurrencies like Bitcoin or Ethereum, or in startups in the decentralized finance (DeFi) space or in Web3 ventures.

In this list we combine two unique assets: our global database with more than 1,600 global single family offices and our expertise in building web crawlers and analysis tool. For this list, we checked if the websites of the family offices from our database cover cryptocurrency keywords, such as „crypto“ or „blockchain“. This list includes all the data from our family office lists, as well as dedicated keyword analysis columns. The list include all family offices from our database that have at least 1 relevant crypto keyword occurrence.

cryptocurrency family office analysis

Only 6.7% of the world’s largest single family offices are mentioning cryptocurrency keywords.

Keyword Crawler Methodology

To manually search our database of the largest family offices with over 1600 entries for crypto-keywords would be very inefficient. So, we implemented a Python-based web crawler that works in a 3 step process:

  1. Each website of the family offices contained in our database is searched for subpages. This works similar to a Google crawler that crawls the pages recursively.
  2. Starting from the identified subpages, each one is searched for the relevant keywords. The analysis counts how often the targeted keywords are mentioned and are set it in relation with the total number of words. We then calculate various statistics (mentioned below).
  3. We combine the results of the analysis with the data from our family office database to create a specified list of family offices that deal with crypto.

Results of the keyword analysis: data points included in the list

First, just like our regular family office list, our crypto family office list contains all the usual columns and data points such as contact details, detailed investment focus information, executives and background information. The information is enriched with the results of our keyword analysis, namely: 

  • total_frequency (e.g.: 16) – total counted occurrences of keywords on family office website
  • average_keyword_rate (e.g. 0.1) – average rate of keyword occurrences per subpage in relation with total number of words
  • most_common_keyword (e.g. „cryptocurrency“) – keyword that was counted the most often on family office website
  • most_common_keyword_frequency (e.g. 10) – number of times the most common keyword was counted
  • sub_url_highest_rate (e.g. https://familyofficeabc.de/crypto) – sub url with the highest number of found keywords
  • highest_rate (e.g. 0.1) – highest keyword rate per subpage
  • frequency_per_keyword: {‘cryptocurrency’: 0, ‘crypto’: 828, ‘bitcoin’: 2078, ‘ethereum’: 0, ‘eth’: 1, ‘blockchain’: 0} – dictionary of number of keyword occurrences per keyword

Analyzed keywords and crawler settings

Our crawler analyzed the family office websites for the following keywords: “cryptocurrency”, “crypto”, “bitcoin”, “ethereum”, “eth”, “blockchain”

Thereby, we cover the most important crypto-currencies and crypto-keywords for every family office covered in our database. Our crawler analyzed every family office website for at least 60 seconds. 

analyzed crypto keywords bitcoin crypto blockchain eth cryptocurrency ethereum

We analyzed keywords such as bitcoin, ethereum, crypto or blockchain.

 

Pros and cons of our keyword-based approach

Our list offers an ideal starting point to get in touch with individual family offices in the field of cryptocurrency and blockchain. By crawling the websites of family offices and calculating the frequency of occurrence of keywords, we have managed to identify the most relevant family offices. However, our approach has two potential sources of error. Firstly, our keyword crawler can only work if the family offices report transparently about their business activities or have a public website. This is often the case, as many family offices have started to communicate their investments in recent years. Secondly, we cannot interpret the quality of the keyword mentions. For example, if a family office writes an article about why it does not invest in cryptocurrencies, it would still show up in the list. Furthermore, we cannot provide results if the website actually blocks our crawler (which is rarely the case).

All in all, we are convinced that our list offers a highly relevant starting point for identifying the most relevant crypto and blockchain focused family offices.

Picture source: Efthaker Alam

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