A quant research lab for institutional digital assets.
Iqana builds, tests, and runs systematic strategies under academic rigor and institutional governance. Pre-registered theses, walk-forward validation, segregation of duties, hard pre-trade limits. Our research lab and our trading floor are the same team.
Why systematic works here.
Digital-asset markets have four structural characteristics that systematic methods exploit better than discretionary ones.
24/7 markets
Continuous trading demands continuous decisioning. A 24/7/365 market generates roughly 4× the data points of an 8/5 equities desk — and no traditional team is built to monitor or execute at that pace.
Multi-modal data
The deepest data set of any asset class — price action, on-chain settlement, macro context, and sentiment. Quant models exploit signals discretionary traders can’t read.
On-chain transparency
A signal source no other asset class offers. Exchange in/outflows, stablecoin flows, large-holder wallet behavior, cross-chain capital rotation — directly observable to anyone with the infrastructure to process it at scale.
Structural inefficiency
Liquidity fragmented across global CeFi and DeFi venues. Dominant retail flow. Immature institutional participation. Dislocations exist — capturing them needs discipline, not opinion.
Five gates and a live trial
on our own book
Every strategy passes five independent gates; ownership changes hands at each one.
Economic prior
Written investment thesis. Defines the edge, invalidating conditions, and pre-committed success criteria — registered before any backtest is run.
Backtest & walk-forward
Held-out data with rolling walk-forward windows. Performance, Sharpe, drawdown and turnover must pass across all OOS windows.
Independent review
Second quant — not involved in construction — reviews assumptions, data leakage, parameter sensitivity and capacity and portfolio fit.
Firm-capital trial
Runs live on Iqana capital at minimal size, over a minimum evaluation window. Live slippage, fills and signal quality must reconcile to backtest within tolerance.
Graduation
Approved for client allocation only when live-vs-backtest Sharpe is within IC-defined tolerance band, execution quality reconciles and IC reaches majority approval.
Four integrated layers.
One institutional engine.
Data, model, execution, and monitoring — four integrated layers built with institutional rigor at every gate. Every action is logged, every parameter is enforced, every layer is independently reviewed.
Multi-provider · Tick-level · Schema-enforced
Clean, validated, versioned data from multiple independent providers — schema enforced at ingestion, full lineage from raw tick to feature.
Pipeline
Pre-registered priors · Independent review · Five-gate lifecycle
Deterministic, reproducible research — every strategy starts from a written, pre-registered thesis with pre-committed success criteria. No lookahead.
Pipeline
Low-latency · Shadow mode · Kill switches
Low-latency, async execution with verified failover — every order cleared by pre-trade risk controls, position sizing volatility-scaled and regime-aware.
Pipeline
24/7/365 surveillance · Audit-grade logs
Full observability across P&L, risk, model health and execution quality — threshold and anomaly alerting, every session mirrored to an audit trail.
Pipeline
Institutional-grade
execution infrastructure
We execute exclusively on tier-1 institutional venues. Every trade is logged, every fill reconciled. Execution always happens on your own accounts — Iqana never takes custody.
Execution on your own accounts · No custody · Full auditability
Engineered for your mandate.
Same five gates. Same firm-capital trial. Same monitoring — scoped to your allocation constraints, risk parameters, and benchmarks.
Define the mandate.
Investment objectives, risk parameters, and capacity targets defined with your investment and risk teams.
Build the strategy.
Bespoke strategy designed and tested on Iqana’s research platform. Same five gates as our flagship strategies.
Trial on our book.
Independent review, then a firm-capital trial under live conditions before any client allocation.
Live on your venues.
Execution on your accounts via trade-only API. Reporting and monitoring tailored to your standards.