Technology-Driven Digital Asset Investment 技术驱动的数字资产投资

Built for markets that never close. 为永不休市的市场而建。

安洛资本 A&L Cap builds and operates advanced research, risk control, and execution infrastructure for institutional-grade digital asset investing. 安洛资本（A&L Cap）构建并运营先进的研究、风控与执行基础设施，服务于机构级数字资产投资。

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Core Capabilities 核心能力

Institutional capabilities, not product features. 机构级能力，而非产品功能。

Research Infrastructure 研究基础设施
Multi-venue, multi-chain monitoring with event-driven signal processing and structured research workflows. 多交易所、多链监控，事件驱动的信号处理与结构化研究工作流。
Execution Discipline 执行纪律
Structured pre-trade checks, venue routing logic, and slippage controls. Execution treated as infrastructure. 结构化的交易前检查、路由逻辑与滑点控制。执行即基础设施。
Risk Governance 风险治理
Position sizing discipline, exposure limits, event-response playbooks, and manual override protocols. 仓位管理纪律、敞口限制、事件响应预案与人工干预机制。
Custody Architecture 托管架构
Operational segregation, permissioned workflows, and continuous reconciliation across custody functions. 业务隔离、许可制交易工作流与托管职能间的持续对账。
Our Edge 我们的优势

In digital assets, process quality compounds. 在数字资产领域，过程质量会复利。

Markets run continuously. Information arrives unevenly. Execution conditions change in seconds. We believe durable advantage comes from operating discipline: how signals are filtered, how risk is gated, and how decisions are executed under pressure. 市场全天候运转。信息不均匀涌入。执行条件瞬息万变。我们相信持久的优势来自运营纪律：如何过滤信号、如何管控风险、如何在压力下执行决策。

  • Process advantages over prediction theatrics 过程优势优于预测表演
  • Faster interpretation of market structure shifts 更快解读市场结构变化
  • Disciplined response under volatility 波动中保持纪律化应对
  • Continuous refinement through recorded decisions 通过记录决策持续优化
Trust & Controls 信任与控制

Risk controls and custody architecture are core to the mandate. 风控与托管架构是使命的核心。

Risk Governance 风险治理
Defined limits, approval workflows, and escalation procedures across all operations. 所有运营环节均设有明确限额、审批流程与升级程序。
Custody Architecture 托管架构
Segregated operational roles and controlled asset movement policies. 运营角色隔离与受控的资产流转策略。
Execution Discipline 执行纪律
Structured pre-trade checks and volatility-aware deployment. 结构化的交易前检查与波动性感知的资金部署。
Research Infrastructure 研究基础设施
Continuous monitoring and internal decision recording for process improvement. 持续监控与内部决策记录，驱动流程优化。
Learn about our risk framework → 了解我们的风控框架 →
Leadership 团队

Founder-led. Operator-built. 创始人主导。运营者构建。

A&L Cap is built by practitioners with cross-market perspective and direct operational experience in digital asset infrastructure, risk systems, and execution. 安洛资本由拥有跨市场视角、在数字资产基础设施、风控系统与执行方面有直接运营经验的实践者构建。

We are building for durability. 我们为持久性而建。

For prospective partners and investors, introductions are welcome. 欢迎潜在合作伙伴与投资者的引荐沟通。

Get in Touch 联系我们
Investment Approach 投资方法

Built for market structure, not market noise. 为市场结构而建，而非追逐市场噪音。

A&L Cap is a founder-led digital asset investment firm focused on disciplined capital deployment in fast-moving markets. We combine systematic monitoring, structured decision workflows, and execution controls designed for volatile environments. 安洛资本是一家创始人主导的数字资产投资机构，专注于快速市场中的纪律化资本配置。我们将系统化监控、结构化决策工作流和为高波动环境设计的执行控制相结合。

Market Context 市场背景

Digital assets demand a different operating model. 数字资产需要不同的运营模式。

  • 24/7 markets with no circuit breakers7×24小时无熔断机制的市场
  • Fragmented liquidity across venues and chains分散在多个交易所和链上的流动性
  • Asymmetric information flow and rapid sentiment shifts不对称的信息流与快速的情绪变化
  • Custody and counterparty risks unique to digital assets数字资产特有的托管与对手方风险
  • Execution conditions that change within seconds数秒内即可改变的执行条件
Process Framework 流程框架

A repeatable loop, not improvisation. 可重复的闭环，而非即兴发挥。

01
Research研究
Continuous market monitoring, signal triage, and structured context building across venues.持续的市场监控、信号分诊和跨交易所的结构化上下文构建。
02
Risk Assessment风险评估
Exposure analysis, scenario evaluation, and position sizing discipline before any deployment.在任何资金部署前进行敞口分析、情景评估与仓位管理。
03
Execution执行
Pre-trade checks, venue routing, slippage controls, and monitoring during and after execution.交易前检查、路由选择、滑点控制，以及执行中和执行后的监控。
04
Review复盘
Post-trade review, outcome recording, and process iteration based on observed behavior.交易后复盘、结果记录，以及基于观察行为的流程迭代。
Discipline纪律

Constraints that compound. 约束产生复利。

Position Sizing仓位管理
Every position is sized relative to portfolio risk budget and prevailing market conditions. No single position exceeds defined concentration limits.每个仓位根据组合风险预算和当前市场条件进行调整。单个仓位不得超过既定集中度限制。
Exposure Limits敞口限制
Venue-level, asset-level, and strategy-level exposure caps are enforced programmatically. Breaches trigger automatic escalation.交易所级别、资产级别和策略级别的敞口上限通过程序化方式强制执行。突破即触发自动升级流程。
Liquidity Awareness流动性感知
Execution respects real-time liquidity conditions. Thin markets trigger order fragmentation or deferral, not forced execution.执行尊重实时流动性条件。薄市场触发订单拆分或延迟，而非强制执行。
Decision Recording决策记录
Every significant decision is logged with rationale, market context, and outcome. This creates an auditable record for continuous process improvement.每个重要决策均记录理由、市场背景与结果。形成可审计的记录，用于持续流程优化。
Explore Our Infrastructure → 探索我们的基础设施 →
Infrastructure基础设施

Technology is not the story. It is the standard. 技术不是故事，而是标准。

Our internal stack supports real-time market monitoring, event triage, research workflows, and execution oversight across multiple venues and chains. The objective is faster, more consistent decision quality. 我们的内部技术栈支持实时市场监控、事件分诊、研究工作流和跨多个交易所与链的执行监督。目标是更快、更一致的决策质量。

Real-Time Monitoring实时监控
Continuous data ingestion from on-chain activity, exchange order flows, and market microstructure signals across primary venues.持续摄取来自链上活动、交易所订单流和主要交易场所市场微结构信号的数据。
  • Multi-chain coverage with direct node access通过直接节点访问实现多链覆盖
  • Sub-minute event detection and classification亚分钟级事件检测与分类
  • Cross-venue correlation and context building跨交易所关联与上下文构建
Signal Triage & Research信号分诊与研究
Not every signal warrants action. Our research workflows prioritize, score, and contextualize signals before they reach the decision layer.并非每个信号都需要行动。我们的研究工作流在信号到达决策层之前进行优先级排序、评分和上下文化。
  • Automated signal scoring and routing自动化信号评分与路由
  • Research triage with structured review templates结构化审查模板的研究分诊
  • Historical context overlay for pattern recognition历史上下文叠加用于模式识别
Execution Oversight执行监督
Execution is monitored before, during, and after. Slippage, fill quality, and venue performance are tracked and fed back into routing decisions.执行在事前、事中和事后均受监控。滑点、成交质量和交易所表现被跟踪并反馈到路由决策中。
  • Pre-trade validation and risk checks交易前验证与风险检查
  • Real-time execution monitoring实时执行监控
  • Post-trade analytics and feedback loops交易后分析与反馈闭环
Internal Data Accumulation内部数据积累
Every signal, decision, and outcome is recorded. Over time, this creates proprietary datasets that inform strategy refinement and process improvement.每个信号、决策和结果均被记录。随时间推移，形成专有数据集，驱动策略优化和流程改进。
  • Historical event labeling and outcome tracking历史事件标注与结果追踪
  • Execution outcome feedback loops执行结果反馈闭环
  • Strategy refinement driven by observed behavior基于观察行为的策略优化
View Risk & Controls → 查看风控体系 →
Risk & Controls风控与管控

Risk is a design principle, not an afterthought. 风险是设计原则，而非事后补救。

Capital protection is foundational. Every system, workflow, and process is designed with risk as a first-order constraint. 资本保护是根基。每个系统、工作流和流程的设计都将风险作为一阶约束。

Portfolio & Exposure Controls组合与敞口控制
Exposure is managed across multiple dimensions: venue, asset, strategy, and time horizon. Limits are enforced programmatically and reviewed regularly.敞口在多个维度上管理：交易所、资产、策略和时间跨度。限制通过程序化方式强制执行并定期审查。
  • Risk-first portfolio construction methodology风险优先的组合构建方法论
  • Venue-level, asset-level, and strategy-level exposure caps交易所级、资产级和策略级的敞口上限
  • Concentration limits with automatic enforcement集中度限制的自动执行
  • Liquidity-aware position sizing流动性感知的仓位管理
Approval Workflows & Escalation审批工作流与升级机制
Human approval controls are integrated into capital movement workflows. Predefined thresholds and signing policies govern all significant actions.人工审批控制集成在资金流转工作流中。预定义的阈值和签署策略治理所有重要操作。
  • Predefined approval thresholds for capital movement资金流转的预设审批阈值
  • Multi-level escalation procedures多级升级程序
  • Withdrawal controls and address allowlists提款控制与地址白名单
  • Continuous activity logging and audit trail持续的活动日志与审计跟踪
Manual Override & Trade Halt人工干预与交易暂停
Systematic processes include manual override capabilities. Trade halt protocols can be activated immediately when conditions warrant.系统化流程包含人工干预能力。当条件需要时，交易暂停协议可立即激活。
  • Immediate trade halt capability at system and strategy level系统和策略级别的即时交易暂停能力
  • Event-response playbooks for market dislocations市场错位的事件响应预案
  • Manual override protocols for exceptional circumstances特殊情况下的人工干预协议
Post-Trade Review & Iteration交易后复盘与迭代
Every significant trade and risk event is reviewed. Outcomes are recorded and analyzed to refine processes and improve decision quality over time.每笔重要交易和风险事件均经过复盘。结果被记录和分析，以优化流程并持续提高决策质量。
  • Structured post-trade review process结构化的交易后复盘流程
  • Risk event documentation and analysis风险事件记录与分析
  • Process iteration based on empirical outcomes基于实证结果的流程迭代
View Custody & Operations → 查看托管与运营 →
Custody & Operations托管与运营

Where the assets are. Who can move them. How it is governed. 资产在哪里。谁能操作。如何治理。

Asset security is not a feature. It is the foundation on which everything else is built. 资产安全不是功能特性，而是一切的基础。

Custody Principles托管原则
Custody architecture is designed for resilience and control, not convenience. Assets are managed through segregated workflows with clear accountability.托管架构以韧性和控制力为设计目标，而非便利性。资产通过职责明确的隔离工作流进行管理。
  • Qualified custody with exchange risk segmentation合格托管与交易所风险隔离
  • Strict separation of custody, trading, and monitoring functions托管、交易和监控职能的严格分离
  • Minimized hot wallet exposure through controlled deployment通过受控部署最小化热钱包敞口
Permissioning & Signing Policies权限与签署策略
Every transaction operates within a permissioned framework. Movement of assets requires explicit authorization through defined approval chains.每笔交易在许可框架内运行。资产转移需要通过既定审批链的明确授权。
  • Permissioned transaction workflows with approval chains带审批链的许可制交易工作流
  • Predefined signing policies and threshold controls预定义的签署策略与阈值控制
  • Withdrawal allowlists and destination controls提款白名单与目的地控制
Reconciliation & Activity Review对账与活动审查
Positions, balances, and transactions are reconciled continuously. Discrepancies trigger immediate investigation.头寸、余额和交易持续对账。差异立即触发调查。
  • Continuous reconciliation across custody and trading systems托管和交易系统间的持续对账
  • Activity logging with full audit trail完整审计跟踪的活动日志
  • Anomaly detection and immediate escalation异常检测与即时升级
Incident Response & Continuity事件响应与业务连续性
Procedures are defined for operational disruptions, security incidents, and market emergencies. The goal is rapid, controlled response.针对运营中断、安全事件和市场紧急情况已定义相应程序。目标是快速、受控的响应。
  • Incident response procedures and escalation paths事件响应程序与升级路径
  • Business continuity planning业务连续性计划
  • 24/7 monitoring with automated alerting7×24小时监控与自动告警
Request Introduction 预约沟通
Team团队

Founder-led. Operator-built. 创始人主导。运营者构建。

A&L Cap is built by practitioners who design, build, and operate the systems they manage capital through. This is not a team that delegates to vendors. Every critical system is understood from the inside. 安洛资本由亲自设计、构建和运营资本管理系统的实践者打造。这不是一个依赖外部供应商的团队。每个关键系统都是从内部理解的。

Founder & Managing Partner创始人及管理合伙人
Cross-market perspective spanning traditional finance and digital asset markets. Background in quantitative systems, infrastructure engineering, and operational risk management. Responsible for investment decisions, risk framework design, and technology architecture. 跨越传统金融与数字资产市场的跨市场视角。具有量化系统、基础设施工程和运营风险管理背景。负责投资决策、风控框架设计与技术架构。
Operating Principles运营原则
Long-Term Orientation长期主义
Decisions are made for durability, not quarterly optics. Infrastructure and processes are built to compound over years.决策为持久性而非季度表象而做。基础设施和流程以年为单位进行复利构建。
Intellectual Honesty知识诚实
We record decisions and outcomes to learn from both. The process is designed to surface mistakes, not hide them.我们记录决策和结果以从中学习。流程的设计旨在暴露错误，而非隐藏它们。
Operational Intensity运营强度
Markets do not sleep. Our monitoring and response systems reflect that reality. Operational readiness is a continuous discipline.市场不眠。我们的监控和响应系统反映这一现实。运营准备是一种持续的纪律。
Capital Stewardship资本管理
Every dollar under management carries responsibility. Risk controls, custody architecture, and process discipline exist to honor that responsibility.每一分管理的资金都承载着责任。风控、托管架构和流程纪律的存在就是为了履行这份责任。
Get in Touch 联系我们
Contact联系我们

Introductions welcome. 欢迎引荐沟通。

For prospective investors, strategic partners, and exceptional talent. By introduction preferred. 面向潜在投资者、战略合作伙伴与优秀人才。引荐优先。

Or reach us directly at 或直接联系 contact@archonlocke.com

Fund Overview基金概览

Fund Performance基金表现

For detailed performance data and investment inquiries, please contact the team.

如需详细业绩数据和投资咨询，请联系团队。

Fund Overview基金概览

Fund Performance基金表现

Internal内部数据

Signal Analytics信号分析

User Management用户管理