What is Hummingbird Capital Partners (HCP)?

Hummingbird Capital Partners (HCP) is a Swiss registered client advisor (Registration #AS61372) under the Swiss Financial Services Act (FinSA/FIDLEG), headquartered in Zürich. HCP builds institutional fund infrastructure - structures, operations, and compliance layers - so that institutional investors can focus on deal origination and portfolio management. Regulated activities include the acceptance and transmission of orders relating to financial instruments, the acquisition and disposal of financial instruments, and the granting of credits for the execution of transactions in financial instruments. HCP works exclusively with eligible institutional and professional investors.

What type of institutions is the HCP platform designed for?

HCP's platform serves Multi-Asset Management Groups, Multi-Family Offices, Single Family Offices, Boutique Investment Banks, and Investment Advisors who want to focus on generating returns rather than managing operational complexity. The platform is suitable for new fund launches, restructurings, or outsourcing ongoing operations. It enables hybrid operational models where collective investment schemes can onboard investors with both stablecoins and fiat. The infrastructure is scalable for mandates from launch-stage through to USD 350M+ under administration.

What is Operational Alpha?

Operational Alpha is a concept pioneered by Hummingbird Capital Partners that refers to measurable efficiency gains achieved through infrastructure modernization. Unlike investment alpha, which is competed away in efficient markets, operational alpha is captured by eliminating manual processes, consolidating fragmented systems, and deploying deterministic controls. Replace a manual NAV process with a deterministic on-chain calculation and you save 72 hours per cycle. Consolidate five admin platforms into one and your error rate drops to near zero. HCP delivers Operational Alpha through DLT-powered fund operations, automated compliance, and unified reporting infrastructure.

Is HCP a technology product or a consultancy?

Hummingbird Capital Partners is a human-led consultancy enhanced by the latest technology. The SaaS layer is provided through the ecosystem created by HCP's CVC platform, combining DeFi and TradFi expertise. The Operating Layer is manual expertise with tech-enabled automated oversight. HCP does not replace existing service providers with software; it enhances proven processes with on-chain transparency, deterministic compliance, and automated workflows where they add measurable value.

What does hybrid technology mean in practice at HCP?

The hybrid model at Hummingbird Capital Partners means two things. First, investors can onboard through both traditional fiat channels (bank transfers) and stablecoin rails - both resulting in tokenised, auditable fund units on-chain. Second, the operating layer combines manual expert oversight with automated smart contract execution: NAV calculations, fee extractions, compliance triggers, and share equalisation run deterministically through on-chain protocols, while governance decisions, regulatory filings, and client relationships remain with experienced professionals. Technology is optional, compliant with regulatory standards, and supports rather than replaces proven processes.

What services does Hummingbird Capital Partners offer?

HCP offers three service lines: (1) Cross-Border Investment Execution - multi-jurisdictional fund structures (Luxembourg SLP, Cayman, Singapore) with seamless capital deployment and regulatory plumbing; (2) Funds and Securitisation Platforms - CLNs, tokenised share classes, and on-chain compliance, with structures deliverable in as little as eight days; (3) Operating Layer and Heavy Lifting - governance, controls, risk, treasury, and reporting through a hybrid model of manual expertise and tech-enabled automated oversight. HCP works on a retainer plus AUM-fee basis for infrastructure services, and a retainer plus success-fee basis for advisory mandates.

Is HCP suitable for new fund launches, restructurings, or ongoing operations?

All three. For new launches, HCP provides the full infrastructure stack from day one - structure, documentation, compliance, and administration. For restructurings, HCP migrates existing vehicles to more efficient frameworks, including hybrid operational models that enable collective investment schemes to onboard investors with both stablecoins and fiat. For ongoing operations, HCP takes over the operational backbone so the client team can focus on investment decisions. The platform is scalable for mandates from launch-stage through to USD 350M+ under administration.

Where does Hummingbird Capital Partners operate?

Hummingbird Capital Partners is headquartered in Zürich, Switzerland, and operates globally across Europe (Switzerland, Luxembourg), GCC (DIFC Dubai, ADGM Abu Dhabi), Africa (Mauritius), Asia (Singapore, Hong Kong), and the Americas (Bermuda, BVI, Cayman Islands, Delaware). HCP's institutionalised partnerships with specialist firms in Singapore and Luxembourg ensure continuous operational coverage across all major time zones, eliminating key-man risk.

What regulatory regime does Hummingbird Capital Partners operate under?

HCP is a Swiss registered client advisor (Registration #AS61372) as per the Swiss Financial Services Act (FinSA/FIDLEG). Regulated fields of activity include: the acceptance and transmission of orders relating to financial instruments (Annahme und Übermittlung von Aufträgen, die Finanzinstrumente zum Gegenstand haben), the acquisition and disposal of financial instruments (Erwerb oder Veräusserung von Finanzinstrumenten), and the granting of credits for the execution of transactions in financial instruments (Gewährung von Krediten für die Durchführung von Geschäften mit Finanzinstrumenten). Each jurisdiction HCP operates in has its own regulatory framework, and HCP works with local counsel to ensure full compliance.

How does DLT improve fund operations at HCP?

At Hummingbird Capital Partners, DLT enables real-time NAV calculation instead of T+3, automatic compliance checks when subscriptions come in, and immutable audit trails for every transaction. Tokenised share classes enable fractional ownership and round-the-clock settlement. HCP's portfolio company Fume builds the on-chain layer that powers these capabilities. Critically, DLT is deployed as an enhancement for efficiency - not a risky experimental dependency. It is compliant with regulatory standards and supports, rather than replaces, proven processes.

Fume x HCP Fume

Fund operations built for the next decade of capital.

Stablecoin subscriptions today. AI-agent compatibility tomorrow.

AI agents already execute trades, hold wallets, and deploy capital 24/7. Stablecoins settle over $10 trillion per year. Fund administration still runs on email, PDFs, and manual wire reconciliation. HCP and Fume close that gap: programmable fund operations that work for both human principals and autonomous agents, without replacing your existing infrastructure.

Capital moves at machine speed. Fund admin does not.

What's happening now

AI agents executing trades autonomously
Stablecoins settling $10T+ per year
Capital flowing 24/7/365 across chains

What's still manual

Subscription via email and PDF
NAV calculated from spreadsheets
Fee invoices sent by wire, weeks later

AI can trade in milliseconds. But it cannot subscribe to your fund without a human emailing a PDF.

Make your fund operations machine-readable.

PrincipalAI AgentStablecoin depositSmart contractNAV, fees, units, payoutYour Dashboard

ACCEPT

The principal's AI agent deposits USDC via whitelisted wallet. AML-gated. No email. No PDF. No human.

DEPLOY

Capital routes to fund wallet. Staking, RWAs, strategies. Fume records, never touches.

MANAGE

NAV computed in seconds. Fees with per-investor HWM. On-chain audit trail. No spreadsheet.

DISTRIBUTE

Yield, redemptions, reporting. One transaction. Real-time. The agent reads it. So do you.

Two curves are accelerating. Fund administration is flat.

$250B+

Stablecoin market cap

2x in 18 months (as of Q1 2026)

$4.8T

AI agent market by 2028

44% CAGR (MarketsandMarkets)

Near-zero

Fund admin automation rate

Still email + spreadsheet + wire

Your fund. Your brand. Programmable operations underneath.

Integrated, not bolted on

Fume's technology plugs into your existing workflow. Your brand stays front and center. Machine-readable from day one.

Aligned economics

No upfront technology cost. We grow when your fund grows. Commercial terms discussed in consultation.

Start with one fund

Pilot with a stablecoin-native client. Prove the model. Scale to full AI-ready operations when you are ready.

You keep everything

Clients. Licenses. Relationships. We upgrade the plumbing. You own the building.

Funds & Securitisation Services Request Consultation via form

Download the Fume x HCP Overview Deck

7-page PDF covering the problem, the solution, and what you get.

One conversation. No obligation.

Product & Platform

Riccardo Conti

CEO & Co-Founder, FumeX AG

[email protected]fume.finance

Fund Structuring

Antonino Sardegno

Managing Partner, Hummingbird Capital Partners AG

[email protected]hcpartners-group.com

Product demo: Riccardo | Fund structuring: Antonino | Both: 30-min joint call

Legal Notice

No Investment Advice

This page is for informational purposes only and does not constitute an offer, solicitation, or recommendation to buy or sell any securities, financial instruments, or services. Nothing herein constitutes investment, legal, tax, or regulatory advice.

Technology Provider Status

FumeX AG (Locarno, Switzerland) is a technology provider. It does not custody client assets, manage investments, or act as a financial intermediary. Fume provides software-as-a-service for fund administration automation. Fume is not a fund administrator, transfer agent, paying agent, or regulated financial institution. Licensed fund administrators and managers retain full regulatory accountability for fund operations conducted using Fume's platform.

Swiss Financial Services Act (FinSA)

Hummingbird Services GmbH ("HCP") is a Registered Client Advisor under the Swiss Financial Services Act (FinSA), registration #AS61372, entered in the FINMA-licensed adviser register. HCP offers services to regulated financial intermediaries or professional type of counterparties, as defined by applicable law, only.

Forward-Looking Statements

This page may contain forward-looking statements regarding market trends, product capabilities, and industry developments. These statements involve risks and uncertainties. Actual results may differ materially. Market data and third-party benchmarks cited herein have not been independently verified.

Audience Restriction

HCP works exclusively with eligible institutional and professional investors as defined by applicable law. This capability is not available to retail investors.

Hummingbird Capital Partners