BlockTower Capital Advisors LP (“BlockTower”), a Delaware limited partnership, commenced its operations as an investment manager on August 15, 2017, and became registered with the SEC on July 30, 2021. As indicated on Form ADV Part 1A, Matthew Goetz and Ari Paul are BlockTower’s principal owners. BlockTower’s principal place of business is in Miami, Florida. BlockTower is an investment management firm that provides advisory services on a discretionary basis to privately offered pooled investment vehicles (each a “Fund” or “Client”, and together with any future pooled investment vehicle, co-investment vehicle and/or separate account to which BlockTower provides investment advisory services, the “Funds” or “Clients”) which are intended for investment by certain investors (“Investors”) that are accredited investors under Rule 501 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), and are qualified purchasers under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”) in reliance upon the exemption under Section 3(c)(7) of the Company Act.. An affiliate of BlockTower serves as the general partner (each a “General Partner” and collectively, the “General Partners”) of each Fund. BlockTower provides advisory services to the following Funds:
• the Flagship Fund1;
• the Venture Fund2;
• the Market Neutral Fund3;
• the Credit Fund4;
• the Ledger SPV5; and
• the Blue Signum SPV6. 1 As used in this Firm Brochure, the “Flagship Fund” refers to the master-feeder structure of (i) BlockTower Capital Partners LP, a Delaware limited partnership and onshore feeder fund in the Flagship Fund structure (established for U.S. taxable Investors), (ii) BlockTower Capital Partners Offshore Ltd., a Cayman Islands exempted company and the offshore feeder fund in the Flagship Fund structure (established for non-U.S. Investors and U.S. tax- exempt Investors), and (iii) BlockTower Capital Partners Master Fund LP, a Cayman Islands exempted limited partnership and the master fund in the Flagship Fund structure. 2 As used in this Firm Brochure, the “Venture Fund” refers to the master-feeder structure of (i) BlockTower VC I, LP, a Delaware limited partnership and onshore feeder fund in the Venture Fund structure (established for U.S. taxable Investors), (ii) BlockTower VC I (Offshore), LP, a Cayman Islands exempted limited partnership and the offshore feeder fund in the Venture Fund structure (established for non-U.S. Investors and U.S. tax-exempt Investors), and (iii) BlockTower VC I Master Fund, LP, a Cayman Islands exempted limited partnership and the master fund in the Venture Fund structure. 3 As used in this Firm Brochure, the “Market Neutral Fund” refers to the master-feeder fund structure of (i) BlockTower Gamma Point Fund LP, a Delaware limited partnership and onshore feeder fund in the Market Neutral Fund structure (established for U.S. taxable investors), (ii) BlockTower Gamma Point Offshore Fund, Ltd (established for non-U.S. Investors and U.S. tax-exempt Investors), a Cayman Islands exempted company and the offshore feeder fund in the Market Neutral Fund structure, and (iii) BlockTower Gamma Point Master Fund, Ltd., a Cayman Islands exempted company and the master fund in the Market Neutral Fund structure. 4 As used in this Firm Brochure, the “Credit Fund” refers to the mini-master fund structure of (i) BlockTower Credit Partners, LP, a Cayman Islands exempted limited partnership and master fund in the Credit Fund structure; (ii) BlockTower Credit Partners Offshore, LP, a Cayman Islands exempted limited partnership and feeder fund (primarily for Non-U.S. and Tax-Exempt investors) in the Credit Fund structure; (iii) BlockTower Credit Blocker (KY), Ltd., a Cayman Islands exempted company and Non-ECI investment blocker for the feeder fund in the Credit Fund structure; and (iv) BlockTower Credit Blocker (US), LLC, a Delaware limited liability company and ECI investment blocker for the feeder fund in the Credit Fund structure. 5 As used in this Firm Brochure, the “Ledger SPV” refers to BlockTower Ledger SPV, LLC, a Delaware limited liability company and pooled investment vehicle. 6 As used in this Firm Brochure, the “Blue Signum SPV” refers to BlockTower Blue Signum SPV LP, a Delaware limited partnership and pooled investment vehicle. BlockTower is affiliated with the following General Partners:
• BlockTower Capital LLC, a Delaware limited liability company and the general partner of the Flagship Fund (the “Flagship GP”);
• BlockTower VC I GP, LP, a Delaware limited partnership and the general partner of the Venture Fund (the “Venture GP”);
• BlockTower Gamma Point LLC, a Delaware limited liability company and the general partner of the Market Neutral Fund (the “Market Neutral GP”);
• BlockTower Credit GP, LP, a Delaware limited partnership and the general partner of the Credit Fund (the “Credit GP”); and
• BlockTower Special Opportunities LLC, a Delaware limited liability company and the general partner/managing member of the Blue Signum SPV and the Ledger SPV (the “SPV GP”). A description of the advisory services BlockTower provides in respect of the above Funds is as follows: The Flagship Fund The Flagship Fund was launched by BlockTower in August 2017 in order to invest pursuant to multiple component strategies involving, among other things, investing and trading in various digital currencies, cryptocurrencies, cryptocommodities, decentralized application tokens and protocol tokens, app coins, blockchain-based assets, DeFi (defined below) linked lending or debt purchases, cryptoassets and other cryptofinance and digital assets and instruments that are based on the blockchain, distributed ledger, directed acyclic graph or similar technologies (collectively, “Digital Assets”). BlockTower’s advisory services on behalf of the Flagship

Fund are not limited to investments in Digital Assets and include broad discretion to invest, trade or otherwise participate in other securities or instruments, including any equity, debt, convertible security, commodity, derivative or other asset that may provide exposure to any goods, product, service or business in the digital asset or blockchain industry, to any segment of the digital asset or blockchain industry or to the digital asset or blockchain industry more broadly. The Flagship Fund seeks to provide directional exposure to Digital Asset markets by applying the skillsets of professional trading, investing, portfolio and risk management, implementing strategies including but not limited to fundamental research and asset selection, thematic investing, and active trading. The Venture Fund The Venture Fund was launched by BlockTower in January 2022. The Venture Fund’s investment objective and strategy is to apply the skills of both crypto-native and traditional venture to identify and make investments into: (a) Digital Assets, (b) securities or alternative instruments that are related to or derived from Digital Assets or that represent interests in pools of Digital Assets, and (c) equity and equity-oriented securities of privately held companies that issue, or have businesses related to, Digital Assets (clauses (a), (b) and (c) together, “Venture Fund Investments”). Venture Fund Investments made by the Venture Fund include a mix of both tokens and equity, across categories including, but not limited to, protocols, infrastructure and middleware, decentralized finance (“DeFi”), non-fungible tokens (“NFTs”), gaming and social tokens, focusing primarily on early stage (Pre- Seed to Series A) and strategic financing rounds. The Venture Fund seeks to obtain an appropriate level of diversification across various web3 investment themes and geographies. The Venture Fund expects to make approximately twenty (20) to thirty (30) core Venture Fund Investments, as well as a number of smaller Venture Fund Investments throughout its investment period, and will seek to support companies and networks throughout their lifecycle beyond its initial investment. The Market Neutral Fund The Market Neutral Fund was launched by BlockTower in July 2021. The Market Neutral Fund’s investment objective is to provide Investors with non-directional risk-adjusted exposure to the crypto asset class. The Market Neutral Fund invests its assets pursuant to multiple component strategies focused on Digital Assets; including, but not limited to arbitrage and yield opportunities. BlockTower’s investment authority on behalf of the Market Neutral Fund is not limited to Digital Assets and included broad discretion to invest, trade or otherwise participate in other securities or instruments, including any equity, debt, convertible security, commodity, derivate or other asset that may provide exposure to any goods, product, service or business in the Digital Asset or blockchain industry, to any segment of the Digital Asset or blockchain industry or to the Digital Asset or blockchain industry more broadly. The Credit Fund The Credit Fund was launched in August 2022 with the investment objective of achieving superior risk- adjusted returns with minimal volatility by pursuing a conventional asset-backed private credit strategy, investing in traditional (non-crypto-related) credit and debt assets (the “Core Credit Portfolio”). In addition, the Credit Fund may generate returns beyond the Core Credit Portfolio through its leveraging of blockchain technology and subsequent potential receipt of Digital Assets (the “Token Portfolio”). The Core Credit Portfolio pursues a multicomponent strategy involving, among other things, (a) structured credit products; (b) collateralized loan obligations; (c) senior secured, asset-backed debt facilities and instruments; (d) mezzanine asset-backed debt facilities and instruments; (e) forward flow purchase agreements; and (f) opportunistic credit instruments and securities (including secondary loan portfolio purchases in special situations or market dislocations). The Credit Fund may invest in additional strategies in the future, including directly into debt investments and securities that have already been securitized into blockchain based forms. The Ledger SPV The Ledger SPV was launched in August 2022 with the objective of investing substantially all of its investable assets in preferred shares of Ledger SAS, a French société par actions simplifiée (“Ledger”). Ledger is a leading security and self-custody brand in the Digital Asset industry, offering a diverse range of products and services, but primarily focused on the retail hardware wallet market. The Blue Signum SPV The Blue Signum SPV was launched in April 2021 with the objective of investing substantially all of its investable assets in Series B preferred shares of MobileCoin Inc (“MobileCoin”). MobileCoin is a technology company focused on developing blockchain-based payment solutions. BlockTower’s advisory services are provided to the Clients, pursuant to the terms of the Clients’ relevant offering documents and agreements referenced to therein (the “Offering Documents”) and based on the specific investment objectives and strategies as disclosed in the Offering Documents. The advisory services each Client receives is tailored to its individual needs, specified investment objectives and strategies as set forth in each Client’s Offering Documents. The Clients may impose restrictions on investing in certain types of assets in accordance with achieving their investment objectives and strategies. Not applicable. BlockTower does not participate in a wrap fee program. 7 As of December 31, 2022, BlockTower manages approximately $440,920,296.00 in regulatory assets under management on a fully discretionary basis. BlockTower does not manage any of its Clients’ assets on a non-discretionary basis.