Maitri Capital, an FCA-regulated hedge fund firm, has launched two Web3 and digital assets market funds, which will look to make investments in a diverse portfolio of asset classes.

The first fund will target investments in both locked and unlocked tokens, equity, staking programmes and liquid tokens, while the second fund will focus on backing non-fungible tokens (NFTs), decentralised finance (DeFi), and metaverse projects, as part of a portfolio diversification strategy.

In a statement Maitri said it wants to provide investors with "an investment entry point into the most promising projects the blockchain space has to offer".

Maitri was formed in 2021 by an experienced management team, each with nearly 20 years of investment experience in multiple areas, from institutional investment management through to the latest blockchain technology and crypto.