Feynman Point Asset Management, led by Joe Naggar, has launched a $300 million cryptocurrency hedge fund, marking its official separation from Republic. The firm, previously known as Republic Digital, will focus on digital asset markets and advanced technologies. Backed by investors like L1D and New York Blockchain Investment Group, the fund has delivered an annualized net return of over 42% since 2022. Notable investments include Grayscale Bitcoin Trust, Hyperliquid, and Ripple.