Founded in 2019, Alphemy Capital S.A., is an alternative investment manager focused on the digital asset sector. The Firm is headquartered in Geneva, Switzerland and regulated by the Swiss Financial Market Supervisory Authority (FINMA).

Alphemy Capital provides qualified investors access to the wide range of diverse opportunities offered by the structural disruption and advancement of blockchain technology.

We combine rigorous institutional governance, controls, and risk management with digital asset market expertise across investing and business operations.


Roman Khrushch

Roman Khrushch – Co-Founder

Roman Khrushch is passionate about the digital asset ecosystem and has actively participated in the growth of the Web3 decentralization initiatives since 2011. From 2012 until most recently, he served in multiple executive roles at Philip Morris International (PMI), a Fortune 500 company with more than 77,000 employees. At PMI, he served in a variety of senior executive roles including Corporate Affairs, Business Development and Business Administration across different geographies. Previously, he was the CEO of Khlibprom, a leading Ukrainian FMCG company with over 3,000 employees. He has an M.B.A. from the University of Chicago’s Booth School of Business, an M.Sc. in Economics from Ivan Franko National University of Lviv and has completed a course in Digital Disruption Global Leadership from IMD, Lausanne.

Danylo Knysh

Danylo Knysh - Co-Founder

Danylo has participated actively, together with Roman, in the blockchain digital asset ecosystem since 2011 as contributor and investor. He is an accomplished entrepreneur with 15 years of experience across sectors, including technology, precious metals, consumer electronics and telecom equipment. He is a co-founder and CEO at Sol Noctis, a developer of solar photovoltaic power plants in Spain. Prior to Sol Noctis, he founded Moneda Nueva and Top World Coins, both companies involved in design, production and sale of commemorative precious coins. Previously, he founded Mirida Impex, a wholesale supplier of telecommunication equipment to Eastern Europe. He has a Ph.D. in Economics from Dolishniy Institute of Regional Research of NAS of Ukraine and a M.Sc. in Economics from Ivan Franko National University of Lviv.

Martin Palotai
Chief Operating Officer

Martin Palotai – Chief OO

Martin joined the firm in 2021 with over 15 years of experience as a risk, compliance and operations executive. His experience includes serving as the Chief Compliance Officer for a Geneva based hedge fund and as Senior Advisor of a Geneva based technology venture capital firm. Earlier in his career, Martin worked at Reuters responsible for financial crime, notably implementing surveillance for the FX multilateral trading platform and enforcing compliance on leading US high frequency trading firms. He has been actively involved in digital assets since 2017 where he was responsible for setting up a digital asset fund in his prior role at a hedge fund. This led to his deepened interest in blockchain technology where he studied and learnt the mechanics of DEXs, hardware keys and security, amongst others.

Martin holds a Master's degree from The Chartered Institute for Securities & Investment (The CISI) and a Bachelors of Arts from The University of Leeds. He is a Certified Financial Risk Manager and a Chartered Fellow of The CISI.

Ricardo Mastrangelo
Head of Research & Investment

Ricardo Mastrangelo – Head of Research & Investment

Ricardo joined the firm in April 2021 as Head of Research and Investments with over 15 years of experience in diverse capacities within private banks and digital asset institutions. Leveraging his extensive background, Ricardo is responsible for sourcing a strong pipeline of opportunities through his established network with diligent analysis on projects and developers in the digital asset ecosystem. Ricardo actively oversees and manages current investments, ensuring that developing teams adhere to their proposed roadmap and meet project milestones.

Prior to Alphemy, he played pivotal roles at renowned crypto-focused institutions like Bitcoin Suisse where he built key relationships and strategic business development initiatives. Before that, he was at Altcoinomy, a prominent digital assets firm focused on KYC/AML protocols. Prior to Altcoinomy, he held senior positions at Bank J. Safra Sarasin and HSBC Private Bank.

Constance Sng
Chief of Capital Formation & Investor Relations

Constance Sng - Chief of Capital Formation & IR

Constance joined Alphemy Capital as Chief of Capital Formation and Investor Relations in August 2023 with over 20 years of experience in corporate strategy, capital development and investor relations. Prior to Alphemy Capital, she was the Global Head of Capital Formation & Investor Relations at a late stage leading digital asset web3 platform with responsibilities in corporate strategy, partnerships and investor relations.

Constance spent the earlier part of her career at hedge funds, private and liquid credit investment firms, large asset management firms and banks. She was the Chief of Capital Strategy at Hudson Cove Capital, an emerging manager where she designed and spearheaded the firm’s growth initiative and transformed the firm from a family office to an asset manager with investors globally comprising SWFs, Pensions, OCIOs and Banks, amongst others. Previously, she spent eight years at Moore Capital in New York, a world-renowned global macro strategy hedge fund working with institutional investors and investment consultants. Prior to Moore Capital, she was at Satellite Asset Management in New York and held senior leadership roles at Credit Suisse Asset Management and Citigroup Asset Management in Asia.

She graduated with a MSc in Economics, Accounting and Finance from the London School of Economics and received a BBA with Distinction in Finance and Marketing at the University of Iowa. Constance is a CFA Charterholder. She currently serves as the Chair of the Advisory Board for The Investment Diversity Exchange (TIDE).


Alphemy Capital invests in blockchain protocols and projects that we believe will be the most important contributors to the decentralized internet of the future, Web 3.0. We invest in blockchain technologies that have the potential to restructure and decentralize the current internet, allowing for the creation, transfer, and distribution of economic value on a peer-to-peer basis. This contributes to an internet where users have control over their own data, identity, and future.

Our investment strategy is based on four pillars

  • A focus on fundamental technologies that comprise the State layer of the Web 3.0 stack and on infrastructure projects built on top of it.
  • Proprietary research methodology to quantify and assess the key metrics behind the success of blockchain projects to select those with the highest potential.
  • Systemic approach to portfolio management to optimize returns while managing downside risks.
  • Active involvement in the Web 3.0 ecosystem as validators on blockchains, as early supporters of projects and as collaborative partners to industry actors.

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