Jade Forest Capital has entered into a strategic partnership with HVA Investment Joint Stock Company (HVA Group) to deliver Digital Asset Management services for a mandate of 1,000 ETH — equivalent to approximately US$4.5 million (~VND 120 billion) at the time of announcement. The agreement underscores Jade Forest Capital’s commitment to institutional-grade blockchain investment practices and recognises HVA Group’s operating capabilities in the Vietnamese market.
Purpose of the partnership
- Enhance capital efficiency through vetted staking and DeFi strategies.
- Establish an international-standard operating model spanning custody, on-chain oversight and independent audit under IFRS.
- Build a long-term collaboration between Jade Forest Capital and HVA Group to scale institutional asset programmes across Vietnam and the region.
Roles and responsibilities
- Jade Forest Capital: Provides the entrusted assets (1,000 ETH) and co-designs long-term, sustainable investment strategies with HVA Group.
- HVA Group: Leads day-to-day management and execution; deploys staking/DeFi allocations on security-reviewed protocols with a focus on optimising returns and preserving capital.
- Onus Finance: Acts as custodian, supplying institutional-grade wallet infrastructure, independent oversight tools and multi-sig controls.
- Parker Russell International: Conducts independent audits of the full management process — investment operations and financial reporting — in accordance with IFRS.
Operating framework: Safety – Transparency – Compliance
- Multi-layer risk controls: Protocol limits, allowlist/denylist governance, liquidity and rate-volatility alerts, and smart-contract risk assessment.
- On-chain monitoring & institutional custody: Tiered signing policies, complete transaction logs and real-time reconciliations.
- IFRS reporting & audit: Standardised performance, risk and cash-flow metrics prepared for periodic independent audits.
- KYC/AML and internal controls: Counterparty due diligence, change-management approval and scheduled risk re-assessments.
Why it matters
The collaboration between Jade Forest Capital and HVA Group, with Onus Finance and Parker Russell International as infrastructure and assurance partners, creates an end-to-end value chain from custody → execution → risk management → independent audit. This model:
- Raises the transparency bar for digital asset management in Vietnam.
- Aligns with international standards for institutional and professional investors.
- Improves capital productivity through proactive, risk-aware allocation.
Conclusion
The 1,000 ETH mandate marks a significant milestone for Jade Forest Capital in selecting HVA Group as its digital asset management partner in Vietnam. With a framework built on safety, transparency and compliance, both parties are well positioned to scale the scope and ambition of the partnership.
