ARCHON & LOCKE
DIGITAL ASSET STRATEGIES
Strategies
Approach
Quantitative strategies across digital asset derivatives, executed through infrastructure we built and operate ourselves.
Execution
Co-located in Tokyo
Our execution infrastructure sits in the same Tokyo datacenter as Binance's futures matching engine. Round-trip latency is 1.5 milliseconds. On Hyperliquid, we operate our own validator node for direct market access.
Trading
High-frequency and mid-frequency
We run multiple books across Binance Futures and Hyperliquid. High-frequency strategies operate at tick level. Mid-frequency strategies capture basis, pairs, and cross-venue dislocations on longer timeframes.
Analytics
On-chain intelligence
A proprietary monitoring system tracks large-scale position movements across chains in real time, generating supplementary signals for our trading decisions.
Portfolio
Beyond the trading floor.
Our primary focus is systematic digital asset strategies. Selectively, we deploy capital into high-conviction opportunities across healthcare, deep tech, and consumer — where we see structural value.
Ningbo Geriatric Rehabilitation Hospital
Specialized geriatric rehabilitation facility serving the aging population in the Yangtze River Delta. Long-duration, demographically driven demand.
nbkfzx.com →Kent Catalyst (Listed)
Publicly traded manufacturer of industrial catalysts. Structural position in China's chemical processing supply chain.
chemptc.com →FoSurg
Hangzhou-based surgical robotics company developing next-generation precision instruments for minimally invasive procedures.
Openliquid Exchange
Emerging digital asset exchange focused on transparent order matching and institutional-grade execution infrastructure.
openliquid.exchange →1leaf Tea
Premium tea brand bridging traditional Chinese tea culture with modern direct-to-consumer distribution.
Leadership
Founder-led.
Operator-built.
Every investment decision, risk parameter, and system design flows through hands-on leadership.
Founder & CIO
Michael Xiong
Before founding A&L Capital, Michael spent over a decade in private capital markets across New York, Boston, and Shanghai — structuring and executing strategies across traditional and alternative asset classes. He pivoted to digital assets in 2020, drawn to the structural inefficiencies and 24/7 market microstructure that define the space. With 5+ years of hands-on experience in crypto derivatives, on-chain analytics, and systematic execution, he built A&L Capital's infrastructure from the ground up. B.S. Computer Science, SUNY Binghamton.
A&L Capital is founder-operated with deep experience across quantitative systems, infrastructure engineering, and digital asset market microstructure. Every investment decision, risk parameter, and system design flows through hands-on leadership — ensuring alignment between strategy, technology, and capital stewardship.
Operating Principles
Decisions optimized for durability, not quarterly optics.
Mistakes are recorded, studied, and corrected.
Every dollar is treated with fiduciary responsibility.
Markets run 24/7. So do we.
What Sets Us Apart
Skin in the Game
Substantial personal capital invested alongside our partners. Our interests are fully aligned.
Transparent Reporting
Monthly performance reports with full strategy attribution, risk metrics, and market commentary.
Continuous Improvement
Every trade outcome feeds back into model refinement. Our systems get better with every market cycle.
Get in Touch
Introductions welcome.
We welcome conversations with institutional allocators, family offices, and qualified individuals interested in systematic digital asset strategies.
We respond to all inquiries within 24 hours. For urgent matters, please reach out via Telegram.