Digital Asset Capital Management (DACM) is a crypto-focused investment firm registered in the British Virgin Islands. The firm manages both a liquid digital assets strategy and a venture portfolio, targeting early-stage blockchain projects alongside public token positions. With a reported portfolio of eight investments and six lead deals, DACM operates as a concentrated, high-conviction fund rather than a broad spray-and-pray allocator.
DACM was co-founded by Richard Galvin, who serves as CEO. Galvin has an Australian background and previously worked in traditional finance before moving into digital assets. The firm has maintained a relatively low public profile compared to larger crypto venture names, with limited press coverage of deal announcements or fund sizes. Public information about total assets under management and the full list of limited partners is not disclosed.
Notable Investments
DACM has invested across Layer 1 infrastructure, decentralized finance, and Web3 tooling. Specific portfolio company names and deal terms are not extensively publicized. The firm's eight reported portfolio positions and six lead investments suggest selective entry with active governance participation in the projects it backs. Public information about individual deal sizes, co-investors, or specific token unlock schedules is limited.
- Sector focus: Layer 1 / Layer 2 protocols, DeFi infrastructure, Web3 developer tooling
- Stage preference: Early-stage, with lead investment in the majority of deals
- Structure: Combined liquid hedge fund and venture book
For a current view of disclosed positions, DACM's Crunchbase profile provides the most up-to-date public record of announced deals.
Team
Richard Galvin is the primary public face of DACM. He has spoken at industry events on crypto market structure and institutional adoption of digital assets. Beyond Galvin, the full team composition is not publicly listed. Most communications and investment commentary attributed to the firm come through Galvin directly. Public information about additional partners or analysts at the firm is limited.
Recent Activity
DACM has kept a low press footprint through 2024 and into 2025. The firm has not announced new flagship fund closes or major portfolio additions in widely covered media during this period. The reported retail ROI figure of 0.3x suggests the venture portfolio has not yet delivered strong DPI (distributed to paid-in capital), which is common for funds with vintages in the 2021–2022 cycle given the broader market drawdown that followed. Whether the firm has raised a successor fund is not publicly confirmed.
DACM represents a class of smaller, specialized crypto asset managers that prioritize portfolio concentration and lead-investor roles over volume. Its BVI domicile is standard for funds serving international limited partners. Given the limited public disclosure, investors or counterparties seeking due diligence should contact the firm directly or consult Crunchbase and regulatory filings for verified data. The firm's performance through the current cycle will likely determine whether a larger successor vehicle is raised in 2025–2026.
