Institutional Bitcoin Yield. On-Chain.
Targeting ~5-6% net BTC-denominated returns via Sygnum Bank's regulated arbitrage strategy.
Real yield.
Regulated custody.
DeFi composability.
Strategy Track Record (Sygnum BTC Alpha Fund)
Sygnum Fund strategy managed by Starmark Investment Management (FCA-regulated) using Starboard Digital. Live since March 2021, delivering consistent market-neutral arbitrage returns through basis trades, funding rate arbitrage, and cross-asset arbitrage.

Strategy-level returns since March 2021. SBAF fund vehicle launched October 2025. 2025 data excluded as fund vehicle has less than 3 months of performance history. Past performance not indicative of future results.
About Aarc & BTCY
Aarc uses a two-token structure to bring BTC yield onchain.
iBTCY (Primary Token)
  • Debt obligation of SD Global Capital Limited (BVI SPV)
  • KYC-gated - available to Professional/Qualified Investors only
  • Regulated exposure to Sygnum BTC Alpha Fund
  • Unsecured creditor status
BTCY (DeFi Wrapper)
  • ERC-4626 vault token, backed 1:1 by iBTCY
  • Permissionless - trade on DEXs, use as collateral
  • DeFi composable - Morpho, Curve, Pendle, Spectra integrations (targeted Q2 2026)
  • Same NAV, same yield, on-chain accessibility
Portfolio Allocation
68%
Sygnum BTC Alpha Fund
Yield generation through regulated arbitrage strategies
32%
Instant Liquidity Buffer
24/7 redemptions up to buffer capacity. 10% hard floor maintained at all times.
Non-rebasing design: NAV accrues yield, token count remains constant
On-chain verification of reserves and performance
Backed by direct allocation to Sygnum BTC Alpha Fund
Key Terms
Investment Terms
Fee Structure

All fees embedded in ~5-6% net return. If SBAF 6-month return falls below 3%, platform fee automatically reduced to 25 bps.
Why BTCY vs Alternatives
Market Context
Over $27B in wrapped BTC currently earns less than 1% yield. BTCY delivers 5-6% net BTC-denominated returns through regulated arbitrage strategies with institutional-grade custody and flexible liquidity options.
BTCY vs Direct Sygnum Access
Subscription Flow
From onboarding to allocation in four steps
Redemption Paths
Multiple exit options with 32% instant liquidity buffer (10% hard floor)

32% buffer ensures most redemptions are processed same-day. Instant capacity replenished as monthly redemptions settle.
Institutional-Grade Infrastructure
Service Providers
Security Controls
Key Risks
Transparent disclosure of material risks and mitigation strategies.
Single yield source concentration
Deliberate concentration in regulated strategy with proven track record. Documented transition plan in place.
Unsecured creditor status
Structural reality of debt obligation. Recovery in insolvency scenario may be partial. Legal opinion obtained.
32% buffer performance drag
Explicit tradeoff for instant liquidity access. Benefit outweighs cost for most institutional allocators.
Regulatory uncertainty
BVI SPV structure, comprehensive legal opinion. Not available to US persons.
Strategy underperformance risk
Historical max drawdown -0.8%. Strategy uses up to 5x leverage. Fee reduction trigger if returns <3%.
Smart contract vulnerability
Cyfrin audit completed. Bug bounty program planned. Emergency pause via 2-of-3 subset of governance multisig.
Team & Next Steps
Rohan Garg, CEO
Former J.P. Morgan ANZ custody operations. First business hire at Biconomy, scaled to 100+ institutional partners.
Anshul Yadav, CTO
Core engineer at Nethermind. Built perpetuals engine at Relative Finance. Core expertise in DeFi infrastructure.
Backed by: YZI Labs (Binance S7 Incubation), Longhash Ventures, Safe, Axelar Foundation, Cogitent Ventures
Next Steps
Ready for a deeper conversation?
Schedule: calendly.com/rohan-aarc/30min
Website: www.aarc.xyz
Disclaimer
This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities or financial instruments.
iBTCY is available only to Professional Investors and Qualified Investors as defined in applicable offering documents.

Not available to:
  • US Persons or anyone acting for the account or benefit of a US Person
  • Persons resident in the British Virgin Islands
  • Persons in Sanctioned Jurisdictions (Cuba, Iran, North Korea, Syria, Russia, Belarus, Crimea/Donetsk/Luhansk regions of Ukraine)
Target returns are not guaranteed. Past performance is not indicative of future results. Investors may lose all or substantially all of their investment.
This document does not constitute legal, tax, or financial advice. Prospective investors should consult their own advisors before making any investment decision.
Issuer: SD Global Capital Limited (British Virgin Islands)
Governing Law: British Virgin Islands