Five years in crypto. Two full cycles. One single discipline.
Daleki Capital is an institutional crypto asset manager 100% dedicated to digital assets. We have operated own capital and that of a closed circle of private investors since before the 2021 bull market. What we offer qualified investors today is the same operation, now under D-Legacy USA LLC + D-Legacy SAS legal structure, with institutional custody, monthly NAV and auditable reporting.
We do not publish returns on a web page. We share them under NDA during the KYC process, with institutional quality and on-chain traceability.
Five chapters. One single story.
- 01Origin
Five years operating own capital in crypto.
Daleki Capital was not born from a pitch deck. It was born from the reverse: five years managing our own capital and that of a closed circle of private investors in crypto markets, through two full cycles — the 2020-2021 bull market, the 2022-2023 bear market and the 2024-2026 regulatory consolidation. The discipline we offer was not learned at a conference: it was forged operating with real money when the market was at its worst.
- 02Thesis
Earned conviction, not inherited.
We studied crypto when it was still a niche. We operated DeFi when today's blue-chip protocols were experiments. We watched Bitcoin go from $4,000 to institutional highs, Ethereum migrate from proof-of-work to proof-of-stake, and regulation move from enforcement-by-litigation to an operable framework: the Strategic Bitcoin Reserve executive order, the GENIUS Act signed into federal stablecoin law in July 2025, and the CLARITY Act advancing toward the Senate. We do not read the market: we live it.
- 03Discipline
The edge is discipline, not prediction.
In crypto, most people lose for the same reasons: emotional leverage, absence of stop-loss, no sizing, concentrated exposure, improvised custody and the illusion that this time is different. Daleki Capital is the opposite: volatility-based position sizing, drawdown ceilings, exposure caps per asset and sector, calendared rebalances, institutional custody and a written IPS LOBO holds accountable in real time. Discipline is not elegant in a good month — it is what survives the bad year.
- 04Structure
From private management to institutional vehicle.
For years we operated under private agreement, with no marketing, no brand and no website. The decision to launch Daleki Capital answers one thing: 2024-2026 US regulation and the maturing of institutional custody now allow, for the first time, offering crypto under the same operating standard as a traditional hedge fund. Our structure — D-Legacy USA LLC + D-Legacy SAS — is designed for qualified investors from Ecuador, Colombia, Mexico, Panama, the United States, Spain and global crypto-friendly communities.
- 05Commitment
Skin in the game. Always.
The General Partner holds personal capital in each of the four funds. No portfolio decision affecting investors does not first affect the partners. Losses are ours before they are yours. Gains are shared under high-water mark — we only earn performance fees if we exceed the fund's prior all-time high. This is not rhetoric: it is the only way to align incentives when you manage someone else's capital in a volatile asset class.
Sebastián Delsalto. General Partner.
Summary
- 5+ years active in crypto
- Two full cycles operated
- Own capital + private circle
- US citizen · Ecuador resident
- Founder Daleki World Group
Sebastián has operated crypto markets since before the 2021 bull market. He lived the full cycle: the 2021 euphoria, the 2022 DeFi winter with the fall of Terra/Luna, the collapse of Celsius and FTX in 2022-2023, and the regulatory pivot that opened the institutional era in 2024. That combination — real exposure, discipline sustained in bear and networks built across LATAM, the United States and crypto-native communities — is the substrate on which Daleki Capital is built.
He is founder of Daleki World Group, a portfolio of operating companies with active cashflow (Dancing Shoes Producciones, Green Numbers SAS, Merchito, Daleki World, Daleki Imports, Daleki Security) that backs the balance-sheet strength behind the fund. Daleki Capital is the institutional vehicle to channel the group's crypto expertise to external qualified investors.
Detailed track record, per-strategy attribution and drawdown metrics available under mutual NDA during the KYC process. We do not publish them openly: what is promoted on a landing page is rarely an auditable metric.
Six principles. Zero exceptions.
Custody first
We do not touch a dollar of an investor before it is in institutional custody. Fireblocks, BitGo, Anchorage or Coinbase Prime — the client knows where their keys are from day one.
Monthly reporting
Auditable monthly NAV, performance attribution, quarterly narrative. No vague annual reports. No "it's going up, don't ask". Auditable data and human explanation.
Written IPS
Each fund has a signed Investment Policy Statement: hard limits, drawdown ceilings, rebalancing policy, escalation matrix. Rules are not negotiated under pressure.
Crypto-native
We have operated this asset class since before the 2021 bull market. We know DeFi, on-chain analytics and market structure deeply, not from three-slide presentations.
LATAM-rooted, global-grade
Ecuador-United States legal structure designed for Latin American investors who want institutional discipline without having to open an account in a Cayman fund they will never be able to call.
Real access to the GP
There is no layer of relationship managers. When you invest in Daleki Capital, you speak directly with the person making decisions. This is only possible because the fund is designed for a selective circle.
What we are. What we are not.
What we will not do matters as much as what we promise to do. This is the list — with no asterisks.
- We are an institutional crypto asset manager, 100% dedicated to digital assets.
- We run four funds with distinct theses, 12-month lock-up and high-water mark.
- We hold institutional custody with qualified custodians and multi-sig in treasury.
- We report monthly NAV with annual external audit and full operational transparency.
- We keep skin in the game: the GP invests in each fund under the same rules as the LP.
- We speak Spanish, English and the language of an investment committee asking for explanations.
- We are not a broker. We do not open accounts for you to trade yourself.
- We are not a robo-advisor. There is no algorithm that replaces human judgment when the regime shifts.
- We do not promise returns. No serious manager does in a volatile asset class.
- We are not a public offering. We operate exclusively under private agreement with qualified investors.
- We do not sell our own tokens, nor shill altcoins, nor sell presale "opportunities".
- We do not run uncontrolled leverage, nor exotic yield, nor impulsive rotations.
If you made it this far, let's talk.
The fastest way to evaluate us is to talk for 30 minutes under mutual NDA. We share track record, structure, custody and answer any question with the same transparency with which we would sign the agreement.
Daleki Capital manages capital of qualified investors under private agreements exclusively. This is not a public offering of securities. Cryptocurrencies and digital assets are highly volatile. Past performance does not guarantee future results. All investments carry significant risk, including possible total loss of capital.