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Aquarius Fund

AQF - Invest in a Luxembourg based open-ended fund generating yields.

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Invest/Fund/Aquarius Fund
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AQFFundactive

Aquarius Fund

Invest in a Luxembourg based open-ended fund generating yields.

NAV
$14,361,665
NAV per unit
$1,462.98
Performance
+46.30%
Performance YTD
+7.45%

AQF - Fund NAV

$14.4M

Disclaimer: The offerings listed are those of independent third-party issuers. STOKR S.A. is the technology and platform service provider. It does not select, recommend, endorse or rank these offerings, and their presentation here is neither an offer nor a solicitation nor advice by STOKR. The information shown is standardised and identical for all users. These are high-risk investments: you may lose all of the capital you invest and the instruments may be illiquid. Read the issuer's offering documents in full before making any decision.

Invest, trade or redeem

Amount

BTC

Securities

AQF

Amount indicative; final securities amount confirmed at issuance.

Open for investment

Eligibility check

Disclaimer: The offerings listed are those of independent third-party issuers. STOKR S.A. is the technology and platform service provider. It does not select, recommend, endorse or rank these offerings, and their presentation here is neither an offer nor a solicitation nor advice by STOKR. The information shown is standardised and identical for all users. These are high-risk investments: you may lose all of the capital you invest and the instruments may be illiquid. Read the issuer's offering documents in full before making any decision.

Product Overview

The Aquarius Alternative High Yield Debt Fund S.C.S. (the “Aquarius Fund”) is designed for investors seeking consistent, USD-denominated returns. Since January 2022, it has recorded 57 monthly returns with only one negative month, and the fund aims to keep generating steady yield.

Minimum Amount
$125K
Subscription Period
Monthly
Redemption Period
Quarterly

Fund (USD)

As of 31 Oct 2026 -

YoY return

+9.29%

Annualized return

+8.19%

Cumulative return

+46.30%

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Key information

Instrument

TypePrivate fund, open-ended AIF
TickerAQF
StatusActive
Inception31 Oct 2021
Minimum Investment Amount$125K
Management Fee1%
Performance Fee25%

Issuer & structure

Legal nameAquarius Alternative High Yield Debt Fund S.C.S.
Fund managerSicos Securities S.à r.l.
AdministratorBaker Tilly Luxembourg

Legal & Eligibility

JurisdictionLuxembourg
EligibilityQualified investors

Asset on chain

NetworkLiquid Network
Asset ID3caca4...7f5fdbe

External Validation

RWA.xyzAquarius Fund

Get support

Want to learn more about our solutions and digital securities?
Our customer service team is here to assist you.

CONTACT US

Start from

Amount to borrow

USD

Loans run from $150,000 to $2,000,000.

Bitcoin to pledge

Loan-to-value

Term

BTC price–

These summarised terms are indicative. For final terms, please contact the fund managers.

Request loan offer

Illustrative only. Figures are estimates based on the Bitcoin price shown and do not constitute an offer, a quote, or a commitment to lend. Digital asset prices are volatile: a fall in the value of pledged collateral can result in a margin call and, ultimately, in the sale of your Bitcoin.

Introducing 6% Hurdle Rate

We have some good news to share: the Aquarius Fund is growing both in subscription value and NAV, though at a slower pace. Current assets under management of Aquarius fund is bit over $11m. As of May 2024, the net return stands at 2.47%. In our commitment to improving returns and targeting an annualized net return above 10%, we have decided to significantly reduce the management company's performance fee.

Therefore, we are introducing a 6% hurdle rate, effective August 1, 2024. This hurdle rate represents the minimum return an investor expects before the fund manager can charge a performance fee. In other words, the fund must achieve at least a 6% return before the performance fee of 25% applies. The performance fee will be charged on the excess of 6% return. Earlier the performance fee was flat 20% of the fund's return. 
31 Jul 2024

Return decreased. Positive outlook.

The financing rate in the market experienced a decline during January and February, resulting in a now net NAV change for January and February, 2024 at 1.6%+. The fund received new subscription. 

The value of Bitcoin and other cryptocurrencies has risen markedly over the past two months, a surge initiated by the approval of Bitcoin ETFs in the United States. We see a strong positive sentiment for the stablecoin market. Tether circulation is steadily progressing toward the $100 billion mark.

Our team is in the process of incorporating a fund-of-funds investment approach into our broader investment strategy for Aquarius Fund. This addition aims to enhance our diversification and potential returns. More details will be shared in the forthcoming update. We remain confident in reaching our projected 10% return in 2024.


Net Assets US$ 7.98M.

1 Mar 2024

2023 net return is 10.07%

We’re pleased to report a successful 2023 for the Aquarius Fund, with a total net return of 10.07%, significantly up from 4.88% in 2022. This outstanding performance was achieved with no losses in principal or defaults in interest payments. We’ve significant exposure to USD Tether. 2023 saw reduced uncertainty surrounding Tether, often referred to as 'Tether FUD', and its growing market share vis-à-vis its closest competitor, USDC. This played a crucial role increased demand for USD Tether. Despite the tumultuous events in the crypto industry, including the major developments with Binance and its settlement of charges related to sanctions violations and money transmission, our fund demonstrated remarkable resilience. Notably, the funding rates remained flat in the third and fourth quarters of 2023, reflecting the stability and robustness of our investment strategies in the face of market volatility.

Looking forward to 2024, we're excited to explore opportunities in Bitcoin collateralized loans, broadening our portfolio while maintaining our commitment to risk management. Thank you for your continued trust in the Aquarius Fund.


Net Assets US$ 7.47M.

31 Dec 2023

September return is stable

In September, the net return stood at 0.84%, closely resembling the August returns. This marks the conclusion of the third quarter. We have a minor redemption request, which will impact the Net Asset Value (NAV) on October 30. Existing loans have been renewed, and a few new loans have been initiated during this period.

Historically, September has been a bearish month in the Bitcoin (BTC) market. Currently, the BTC market exhibits reduced liquidity and minimal volatility. Notably, in September, Grayscale achieved a significant legal victory against the US Securities and Exchange Commission (SEC). This victory compels the SEC to reevaluate Grayscale's application to transform its Bitcoin trust into an Exchange-Traded Fund (ETF). Remarkably, this legal development had little impact on the BTC price.


Net Assets US$ 7.46M.

30 Sep 2023

August Returns Rise

In August, the net return climbed to 0.85%, reflecting a notable improvement from the numbers in May. The months of June, July, and August have all seen a positive trajectory in net returns. The borrowing rates are improving.

Meanwhile, as the anticipation for spot Bitcoin ETF approvals lingers amidst delays, crypto funds experienced outflows amounting to $168 million by the penultimate week of August - the most significant since March. However, the stablecoin market remains resilient. While stablecoins, often considered as harbingers of investment enthusiasm in crypto assets, haven't seen a surge in supply, their adoption in payments continues to expand.


Net Assets US$ 7.39M.

31 Aug 2023

Investors should be able to sustain losses up to the amount invested. Please note that the following frequently asked questions and terms summary is only a high-level summary of the main terms of the offering. Before making any investment decision, investors are required to download and read in full the offering terms and the offering document.

Documents

Factsheet October 2026PDF - 11 Nov 2026

The Fund is not intended for short-term investment and the investment policy assumes that investments will be held for an extended period. There can be no assurance that the Fund will achieve its investment objective or that the investors will receive any return on or of their invested capital. Past performance is not a guarantee of future results. Investors should note the following points as well with regards to an investment in this fund and should consider that this fund my lose all its assets as it is:

● Not a deposit;

● Not a bank guarantee;

● Not insured by the Federal Deposit Insurance Corporation, European Banking Authority, European Forum of Deposit Insurers or any other government agency.

The Fund is relying on the existence of USDT. The Fund units can be subscribed in USDT and the Fund creates any debt in USDT. This makes the Fund relying on the 1:1 peg between USDT and the US Dollar. In case such peg of the USDT can for whatever reason not maintained anymore, the Fund may suffer significant losses, resulting in the total loss of investment or reduction in yield for the investors.

The Fund is using third-party custody solutions including but not limited to the digital assets exchanges to securely store and transact USDT. The custody solution may be expanded, updated and altered from time to time. Any effort to expand, update or alter the custody solutions is likely to be complex, and may cause unanticipated delays in the Fund activities and may lead to unanticipated costs, operational inefficiencies or vulnerabilities to security breaches. In addition, there may be problems with the design or implementation of the USDT management or with an expansion or upgrade therefore that are not evident during the testing phases of design and implementation, and that may only become apparent after the Fund has utilized the technical infrastructure for custody purposes.

The Fund’s interest income may be affected by numerous factors, including but not limited to, investment performance, realized and projected market returns, fluctuations in market interest rates, the demand and supply for the Fund’s underlying assets and other factors. There is no assurance that the Fund’s interest income will be sustainable in the future nor is such income guaranteed.

In alignment with Annex II of Directive 2014/65/EU of 15 May 2014 on Markets in Financial Instruments ("MiFID II"), professional investors can now invest in Aquarius with a reduced minimum investment amount. Investors interested in this qualification must submit additional information and relevant evidence to verify their status as professional investors. The criteria for a professional investor status, are detailed here.


A service fee of 1.5% is charged on the subscription amount. For investments exceeding the specified minimum investment threshold, the 1.5% fee will be waived.

To initiate the professional investor qualification, please contact [email protected].

We ask for the Tax ID since this offering falls under specific reporting requirements. For example the Common Reporting Standard requires investors to provide more information on their tax status.


Your tax information will be disclosed to the Luxembourg tax authorities annually for tax compliance purposes required by the Common Reporting Standard implementation.

Issuer attribution: This offering is made by Aquarius Alternative High Yield Debt Fund S.C.S., which is solely responsible for the offering, for the terms of the instrument and for the content of its offering documents. STOKR S.A. is the technology and platform service provider. STOKR S.A. is not the issuer, is not the obligor and is not a party to the instrument. The issuer is a separate legal entity from STOKR S.A. and is neither authorised nor supervised by virtue of STOKR's registrations. The regulatory status of the issuer and of this instrument, if any, is stated in the offering documents.

Risk warning: High-risk investment. You may lose all of the capital you invest. The instrument may be illiquid and there may be no market in which to sell it. Any return is not guaranteed and depends on the performance of the issuer and of the underlying assets. Unless expressly stated in the relevant document, no offering document has been approved or reviewed by any regulatory authority.

No-advice statement: Nothing on this page is investment, legal, tax or financial advice, a personal recommendation, or an assessment of whether the investment is suitable or appropriate for you. The information shown is provided by the issuer and is displayed in standardised form, identically to all users.

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Disclaimer: This website is operated by STOKR S.A., a Luxembourg public limited liability company (société anonyme), having its registered office at 9, Rue du Laboratoire, L-1911 Luxembourg and registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés, Luxembourg) under number B226662, authorised as a crypto asset service provider (CASP) and as a payment institution (PI) and registered with the CSSF. STOKR S.A. is a technology and platform service provider. It does not issue, offer, place, market or promote financial instruments, does not provide investment advice, and does not act as an intermediary between investors and issuers. Instruments presented on this website are offered by third-party issuers on their own behalf and on their own responsibility. Other entities named on this website, including issuers and their management companies, are separate legal entities; they are not part of STOKR S.A.'s authorisations and may be subject to a different regulatory framework, or to none.

STOKR is a crypto asset service provider (CASP) and payment institution (PI), registered with the Luxembourg regulator CSSF.Copyright 2026 STOKR. All rights reserved.
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