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US marketplace US Deals Europe marketplace UK and EU deals
Partnerships Explore deals from our partners
Accredited only
Republic Venture Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm Republic Digital Crypto hedge fund
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets
Sharedrops Gift equity as a reward
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain Asset management Explore digital asset funds
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services

Republic Digital

Risk-adjusted return opportunities across a broad universe of tradeable digital investments using a fundamental and active trading approach.
Get in touch
$165M
AUM as of 12/31/24
2022*
Year founded
13
Team members
24/7
Global team coverage
*GoldenChain was founded in 2022 as a subsidiary of GoldenTree Asset Management and was rebranded in March 2024 as Republic Digital through a joint venture between Republic and Joe Naggar. It is no longer affiliated with GoldenTree Asset Management.

Digital Opportunistic Fund

The Fund is focused primarily on more liquid, tradeable opportunities in the digital asset universe. It invests across four primary strategies:
Market neutral
Fundamental value
Active trading
Special situations

Investment team

Joe Naggar
CEO/CIO of Republic Digital
Armaan Gori
CRO, Head of Market Neutral, 
and Public Equities
Andrew Sheynin
Trader
Gabriel Tan
Generalist Investor and Lead 
Gaming and Asia
Dimitri Selekos
Investor, Lead Early Stage 
Strategies and AI
Matthew Harrington
Lead Quantitative
Strategies / Investments

Operations team

Jonathan Knipper
COO
Kirsten Horning
Investor Relations
Anthony Matarangas
Middle Office Specialist
Darren Sandler
General Counsel
Antonio Namwong
Senior Legal Assistant
Ian Goodman
Finance and Strategy
William Riancho
Tech Lead
Drew Lee
Controller

Media library

Republic Announces Acquisition of GoldenChain, the Digital Asset Arm of GoldenTree Asset Management
Joe Naggar: Investment Opportunities for Institutional Asset Managers
Tananbaum’s GoldenTree Sells Crypto Subsidiary to Republic
Investor relations
Get in touch
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Joe Naggar
CEO/CIO of Republic Digital
Previously, Mr. Naggar served multiple roles at GoldenTree Asset Management, most recently as Head of Digital Assets of GoldenChain, GoldenTree’s wholly owned subsidiary managing digital assets.

Mr. Naggar has been investing in digital assets personally since 2013, and in a professional capacity since 2022.

From 2007 to 2023, under Mr. Naggar’s direction, GoldenTree built highly sophisticated, proprietary systems to analyze opportunities in CLOs and more recently digital assets. In 2007, Joe established a dedicated team focused on structured products at GoldenTree and as of January 2024, structured product investments at GoldenTree had grown to over $7bn.

Mr. Naggar also served in various capacities including as a member of GoldenTree Asset Management’s Executive Committee as well as its Macro Committee. Prior to joining GoldenTree, Mr. Naggar was a Managing Director at Morgan Stanley in its Global Fixed Income Division with a focus on asset backed securities trading and structuring.

Mr. Naggar is a member of The MIT Sloan School Americas Executive Board supporting engagement in North and Latin America. He also serves on the advisory board of the MIT Center for Finance and Policy. He holds an M.B.A from the MIT Sloan School of Business with a concentration in Financial Engineering and a B.S. from the Pennsylvania State University in Mechanical Engineering through the University Scholars program.
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Armaan Gori
CRO, Head of Market Neutral, and Public Equities
Previously, Mr. Gori was a senior analyst at GoldenChain, with a particular focus on crypto equity trading and on-chain investments.

Prior to joining GoldenChain, Mr. Gori was Founder and CIO of Itô Investments, a market neutral yield fund focused on investments in the Decentralized Finance space. At Itô, Mr. Gori deployed 8-figures of capital for institutional investors leveraging a proprietary software system that he built to manage the portfolio on a 24/7 basis.

Prior to founding Itô, Mr. Gori was an analyst on the Structured Products desk at GoldenTree, focusing primarily on 2 CLOs and bespoke asset backed securitizations.

Mr. Gori holds a B.S. from MIT in Computer Science and Electrical Engineering.
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Andrew Sheynin
Trader
Previously supported GoldenTree Asset Management across all managed funds and asset types, with focuses on trading, operations, and infrastructure development.
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Gabriel Tan
Generalist Investor and Lead Gaming and Asia
Prior to GoldenChain, Mr. Tan was an Executive Director at Spartan Capital, an Asia-based asset management firm, where he invested across their discretionary long/short and venture digital asset funds.

Before Spartan Capital, he practiced as a M&A lawyer in Singapore. He also has been involved in the digital assets space since 2014.

Mr. Tan earned his Bachelor of Laws and Bachelor of Business Management from the Singapore Management University.
Close
Dimitri Selekos
Investor, Lead Early Stage Strategies and AI
Previously, Mr. Selekos served as an investor and trader at GoldenChain. Mr. Selekos joined GoldenChain in 2022, following a period from 2017 to 2022 where he traded proprietary capital, and assumed advisory and full-time roles in the digital asset space.

His recent role includes being a Core Team and DAO Board Member at Grape Protocol, focusing on strategic development and building the DAO structure.

Prior to his graduation, Mr. Selekos also interned at Mytilineos S.A. in the trading division and in PwC in the auditing division.

He holds a BSc in Economics, Management, and Computer Science from Bocconi University, Milan.
Close
Matthew Harrington
Lead Quantitative Strategies/Investments
Previously contributed his experience at Risk Harbor as a Research Engineer, where he focused on emerging technologies in DeFi, and at Virginia Tech's Hume Center for National Security and Technology.
Close
Jonathan Knipper
Chief Operating Officer for Republic Digital
Jonathan Knipper leads Republic Digital’s operations team, overseeing the firm's daily operations, financial performance and planning, compliance and risk systems, along with the fund’s core technology implementation. In tandem his blockchain infrastructure team also maintains enterprise-grade blockchain infrastructure for staking and yield enhancement on over 50+ protocols. During his time at Republic, he has designed and deployed the firm’s crypto treasury management tools and trading systems, and grown the infrastructure staking business into a $2bn staked assets platform. Prior to joining Republic, Jon was a partner and co-founder at TLDR, a global blockchain advisory firm; before entering the Web 3 space he worked at Goldman Sachs and Morgan stanley for a combined 8 years with a focus on FX and interest rate derivatives. He holds a BA in economics and finance from New York University.
Close
Kirsten Horning
Investor Relations
Kirsten Horning has managed the transition of processes, information, and systems from Goldentree to Republic Digital.

She has been with Republic for three years and has been involved in a number of strategic projects and acquisitions during her tenure, including serving as Managing Director of the Republic Deal Room, a syndicate with 14k active investors. She also spent time in the venture space as a Principal for XRC Labs, investing in consumer and retail technology startups with corporations like Esteé Lauder, TJX, CVS Health, and in operations at a $350M AUM family office.

She holds a Master's in International Business and Public Policy from Georgetown McDonough School of Business and a BA in Global and International Studies, Linguistics, and Spanish from the University of California, Santa Barbara.
Close
Anthony Matarangas
Middle Office Specialist
Spent 3 years at Fireblocks on the Finance & Revenue Operations team. Started career at Bank of America. Holds BS in Finance from Pennsylvania State University.
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Darren Sandler
General Counsel
Darren Sandler is general legal counsel for Republic Digital. Prior to this role, Darren was Associate General Counsel for Republic, focusing on Republic's crypto and blockchain initiatives, including treasury management, hosting token sales, and full-service incubation/advisory for crypto companies and non-crypto-native companies seeking to incorporate crypto/blockchain technology.

Prior to this, he served as Head of Legal at Gallant Exchange, as an Associate at Kirkland & Ellis LLP and at Schulte Roth & Zabel LLP, specializing in fund formation and regulatory compliance for hedge funds and private equity clients.

Darren received his JD from the University of Pennsylvania Law School and a BA in economics from Brandeis University.
Close
William Riancho
Tech Lead
Previously served in various engineering roles across startups and scaleups, focusing on full stack and data engineering with experience in blockchain technologies.
Close
Drew Lee
Controller
Drew serves as controller for the Republic Digital funds. Prior to joining the team, Drew spent 3 years at MG Stover, a fund administrator, as a senior accountant on the hedge fund accounting team. 
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Antonio Namwong
Senior Legal Assistant
Antonio is a Senior Legal Assistant assisting in all parts of the Republic Digital transition and supporting the internal legal team. Prior to joining Republic, he spent over three years as a Senior Paralegal at Better.com, where he managed contract tracking and negotiation processes with precision.

Antonio's legal background also includes providing paralegal support at the Social Security Administration and the United States Attorney's Office, where he demonstrated proficiency in legal research and writing.
Close
Ian Goodman
Finance and Strategy
Leads corporate finance & strategy for Republic. Previously held multiple roles at Blackstone, most recently within the Special Situations investment group.

This presentation is for informational purposes only and is intended solely for the use of prospective investors in considering their interest in the hedge fund managed by Republic Digital Fund Manager LLC (the “Manager”). The information contained herein, including any third-party logos, case studies, gross, and net performance figures, is provided without any warranty of accuracy or completeness and is subject to change without notice. However, the Manager does not undertake to update this information.

The third-party logos and related case studies included in this deck are the property of their respective owners and are used here for illustrative purposes only, to demonstrate the breadth of engagement and experience of the Manager. Their inclusion should not be construed as an endorsement by any third party of the Manager or the fund.

This material contains confidential and/or privileged information. Any unauthorized copying, disclosure or distribution of this material without the express written consent of the Manager is strictly prohibited.

Past performance is not indicative of future results. Future performance results may be materially lower. Performance of investments in the securities described herein may be volatile and as a result an investment in such securities is speculative and involves a high degree of risk. The net returns noted herein include all components of net income, including investment management fees, incentive fees and special allocations. The examples of investment themes, strategies and representative investments noted within the presentation have been included for informational purposes only. No assurance can be given that similar opportunities will arise or that the performance of these investments will be typical or representative of any or all future investments associated with Republic. Accordingly, it should not be assumed that investments made in the future will be profitable or will equal the performance of the investments referenced within this presentation. For further information regarding the performance of past investments purchased/sold by Republic during the prior twelve months, with respect to its managed accounts/funds, please contact republicdigital-ir@republic.co. All information and any forward-looking statements contained herein are based on Republic’s expectations and assumptions as of the date noted in this presentation and are subject to change without notice.

The private funds referred to in this presentation have not been registered under the securities laws of any jurisdiction. This material is for informational purposes only and is not an offer to sell or a solicitation of any offer to buy shares or interests in a fund. Such offer or solicitation will be made only through the applicable Private Offering Memorandum and subscription application, and is qualified in its entirety by the terms and conditions contained in such documents. Each Private Offering Memorandum contains additional information needed to evaluate an investment in a fund and provides important disclosures, including, but limited to, disclosures regarding risks, fees and expenses.

Examples of certain risk factors associated with an investment in a private fund may include the following: Loss of all or a substantial portion of an investment due to leveraging, short-selling and investing in speculative securities. Lack of liquidity in that there is generally no secondary market for an investor’s interests in a non-registered private fund. Volatility of returns. Restrictions on transferring an investor’s interest in the fund. Absence of information regarding pricing and valuations. Delays in tax reporting. Less regulation and higher fees than mutual funds.
Prospective investors should not construe the contents of this presentation as legal, tax, investment, or other advice. Each investor is encouraged to consult with its own advisors with respect to legal, tax, regulatory, financial, accounting, and similar consequences of investing in the fund, the suitability of the investment for such investor, and other relevant matters concerning an investment in the fund. Accordingly, before making an investment in a private fund, potential investors should carefully read the applicable Private Offering Memorandum and subscription application and consult their professional advisor as an investment in a private fund is speculative, not appropriate for all clients, and is intended for experienced and sophisticated investors who are willing to bear the high risks of such an investment.

Gross returns presented herein represent performance results before the deduction of any fees, expenses, or taxes, including but not limited to management fees, performance fees, and other fund operational costs. These returns do not reflect the actual returns an investor would receive, as they do not account for the impact of fees and expenses which reduce the performance figures. Gross returns are provided for informational purposes only and are not an indication of future performance.

Net returns presented herein are calculated after the deduction of all fees, expenses, and taxes, including but not limited to management fees, performance fees, fund operational costs, and any applicable withholding taxes. Net returns reflect the actual return received by investors and account for the impact of the fund’s cost structure on performance. While net returns provide a more accurate representation of investor gains, they are still provided for informational purposes only and are not a guarantee of future performance.

The case studies presented in this pitch deck are intended for illustrative purposes only to demonstrate the investment strategy, decision-making process, and potential impact of investments managed by the Manager. They are not meant to represent the experience of all investors in the hedge fund managed by the Manager, nor do they guarantee future investment performance or outcomes.

Each case study reflects the circumstances of a specific investment at a particular time and is included to provide prospective investors with a deeper understanding of the Manager’s approach to investment analysis and portfolio management. The investments discussed may not be representative of the fund’s current or future investments, and it should not be assumed that the investments were or will be profitable, or that the investment decisions made in the future will be profitable or will equal the performance of the investments mentioned in the case studies.
The investments discussed herein can be extremely volatile and risky.

The Manager is not responsible for any unauthorized or improper use of this presentation or the information contained herein.