Sudrania Fund Services announced its purchase of the assets of Triple Leo Consulting, a Philadelphia-based fund administrator that specialized in crypto and digital assets fund administration.
The deal furthers Sudrania’s existing crypto/digital assets offering called Seamless Crypto, a full-scale cloud-based, fund administration platform designed specifically to handle the unique operational needs required to service digital assets.
According to Sudrania, the acquisition places the firm in a market leading position in the digital asset fund administration space with over 150 clients dedicated to crypto assets.
“Digital assets funds will benefit tremendously from the powerful combination of institutional infrastructure, technology and the high-touch professional services approach,” said Nilesh Sudrania, CEO of Sudrania Fund Services. “We are pleased that as a unified firm all digital assets clients will benefit directly from our dedicated crypto fund cloud-technology solution, Seamless Crypto.”
Seamless Crypto delivers daily reports through API integrations with over 100 exchanges and pricing sources. A full end-to-end solution, it offers full strategic coverage in digital assets strategies including high frequency, indexing, arbitrage, crypto ETFs, decentralized finance, blockchain ventures and digital asset SPVs.
“My vision was always to offer best-in-class services and solutions to clients where speed to market and accuracy are imperative,” Mike Quinn, founder and CEO of Triple Leo Consulting. “I am excited that our combined clientele will benefit from Sudrania’s technological leadership position, as the next chapter of this mission comes to fruition.”
The terms of the deal were not disclosed.
With more than 350 clients globally, Chicago-based Sudrania is investing in the digital assets fund administration space while also setting up a formidable presence in traditional alternative investment products, specifically hedge funds and special purpose vehicles.