Hyperithm
Tokyo, JP · 7 known investors
Hyperithm is a digital asset manager offering quant/algorithmic market-neutral trading strategies and Web3 venture investments for corporate clients and high net-worth individuals. It also advises the Cayman Islands-domiciled Hyperithm Arbitrage Fund, with operations focused on the Japanese and Korean markets.
Also known as Hyperithm Co., Ltd. · ハイパーリズム · 株式会社HYPERITHM
Founders & leadership
_%20%E1%84%8E%E1%85%AC%E1%84%8C%E1%85%A9%E1%86%BC%E1%84%87%E1%85%A9%E1%86%AB_%E1%84%87%E1%85%A1%E1%84%83%E1%85%A1%E1%86%A8%E1%84%8B%E1%85%A5%E1%86%AF%E1%84%85%E1%85%AE%E1%86%A8%E1%84%8C%E1%85%A6%E1%84%80%E1%85%A5_revised_2_1x1_3.jpg)
Investors · 7
Also in the syndicate · 4
Company profile
researched Aug 2026Hyperithm Co., Ltd. (株式会社Hyperithm) is a digital asset management firm headquartered in Nihonbashi Kodenmacho, Chuo-ku, Tokyo, with a Korean subsidiary, Hyperithm LLC. The firm describes itself as a global asset manager delivering market-neutral returns through systematic arbitrage across digital and traditional asset markets, using algorithmic trading, diversified arbitrage strategies and risk management. Its registered fields of business are proprietary trading, qualified institutional investor fund operations (適格機関投資家等特例業務) and venture investment in Web3.
The business is organised around three lines: digital asset management for corporate clients and high net worth individuals; systematic trading across centralised venues and on-chain markets; and selective venture investment in companies described as strategically aligned with the asset management platform. Disclosed portfolio names include Midas, LIGHTER, ether.fi, Kaito.ai, Sei Network and JPYC. A Tokyo emerging-manager catalogue entry additionally describes a multi-strategy digital asset hedge fund in Japan, the Hyperithm Digital Asset Quant Fund I BTC, and notes Web3 investment and headhunting services.
Earlier press coverage characterised the offering as digital asset management and execution brokerage for institutional investors and high net worth individuals, including listed companies, family offices, venture capital firms, and crypto exchanges and miners.
Founding story
Hyperithm was founded in January 2018 (establishment date 29 January 2018) by Lloyd Lee and Sangrok Oh, described respectively as a Forbes 30 Under 30 entrepreneur and an ex-Morgan Stanley investment banker. According to a founder biography in a Tokyo emerging-manager catalogue, Lee co-founded the company after initially using Bitcoin as a cheaper way to remit his salary from Japan to South Korea.
Business model
Hyperithm manages digital assets for corporate clients and high net worth individuals, conducts proprietary trading, operates fund vehicles under Japan's qualified institutional investor exemption regime, and makes venture investments in Web3 companies. Press coverage from 2021 also cited execution brokerage services for institutional clients.
Traction
As of July 2026 the website reports 40+ headcount, a 3.7 Sharpe ratio since 2018 and 92%+ positive weeks over the trailing 12 months; the about page lists 41 group-wide staff. In August 2021 the company reported that assets under management and brokerage volume had each grown 25 times year over year, and a 2023 catalogue entry said the firm had raised close to $13 million in total.
Latest developments
The website's news section lists two 2026 items: a May 29, 2026 Bloomberg quote from Lloyd Lee on the crypto shadow market for SpaceX pre-IPO bets, and a July 28, 2026 Bloomberg feature on Sangrok Oh's perspective on onchain equity arbitrage. Website performance and headcount figures are stated as of July 2026.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company positions itself as the first digital asset manager based out of Tokyo and Seoul, citing backing from Coinbase Ventures, Hashed, Samsung Next and Kakao Investment. A 2023 catalogue entry stated Hyperithm was one of 29 companies holding a Virtual Asset Service Provider licence from the Korea Financial Intelligence Unit.
Hyperithm emphasises a mandate unchanged since 2018 of generating returns independent of market direction, combining systematic arbitrage across both centralised and on-chain venues with in-house engineering. Website figures as of July 2026 cite a Sharpe ratio of 3.7 since 2018 and over 92% positive weeks in the prior 12 months.
Technology
The firm relies on algorithmic and automated trading with diversified arbitrage strategies and risk management systems, operating across centralised exchanges and on-chain markets. Press coverage reported that its trading and risk-management algorithms are developed primarily in Rust and that its engineering team includes several International Mathematical Olympiad medalists.
Go-to-market
Corporate clients and high net worth individuals; per 2021 press coverage, institutional investors including publicly listed companies, family offices, venture capital firms, and crypto exchanges and miners. A Wantedly profile describes the target as institutional and qualified investors.
Geography
Headquartered in Tokyo (7F Bizfeel, 7-16 Nihonbashi Kodenmacho, Chuo-ku), with operations in Seoul through subsidiary Hyperithm LLC (Korea). Banking relationships listed include Mizuho Bank, MUFG Bank, Hokkoku Bank and Shinhan Bank Japan.
History
Established in Tokyo on 29 January 2018, Hyperithm raised a seed round from Kakao G, followed by a Series A in 2019 led by VIP Research & Management with participation from Kakao Investment and Springcamp, and an $11 million Series B announced in August 2021 co-led by Hashed and Wemade Tree. The about page also lists Coinbase Ventures, Samsung Next, GS Futures, Wemix, ENSAPIA Corporation and Guardian Fund among Series B investors. The firm subsequently established a Korean subsidiary, Hyperithm LLC, and by 2026 reported 41 group-wide staff.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsEntry in the FinCity Tokyo Japan emerging manager catalogue, asset class digital assets, noting the Hyperithm Digital Asset Quant Fund I BTC.
Series B round co-led by Hashed and Wemade Tree with participation from Coinbase Ventures, Cocone, GS Futures and Guardian Fund; investors were based in the US, Japan, Korea and Singapore, and the round valuation was reported as ten times that of the company's previous 2019 round.
$11M source ↗
Company establishment date listed on the corporate about page; registered capital of JPY 90,000,000.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Hyperithmhyperithm.jp · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hyperithm do?
- Tokyo- and Seoul-based digital asset manager running market-neutral systematic arbitrage strategies and Web3 venture investments.
- Who founded Hyperithm?
- Hyperithm was founded by Lloyd Lee, Sangrok Oh.
- Who are Hyperithm's investors?
- Hyperithm's investors include Coinbase Ventures, Hashed, Samsung Next.
- Where is Hyperithm headquartered?
- Hyperithm is headquartered in Tokyo, JP.