2025 Year in Review: A Year of Growth, Innovation & Global Expansion at NAV Fund Services

Throughout 2025, we observed a decisive shift in fund administration: managers overseeing mid‑market funds ($100M to $2B in AUM) increasingly demanded capabilities that their legacy administrators were not delivering. The frustrations were consistent: slow response times, hidden fees and legacy technology platforms. Mid‑market managers told us they felt caught between enterprise‑scale administrators with impressive credentials but with service standards reserved for higher value clients, or technology‑first platforms that could not handle the operational complexity of modern, fast‑growing funds. What they needed was enterprise‑grade capabilities delivered with the responsiveness and transparency they experienced as emerging managers.

NAV’s growth to $350 billion in assets under administration, serving 2,300+ clients globally with a 99% client retention rate, reflects this shift. This year proved that fund managers are evaluating administrators differently — not just on legacy and scale, but on transparency, responsiveness, and the infrastructure to support where they’re going, not just where they’ve been.

2025 marked institutional finance’s decisive move towards tokenization. What began as experimental blockchain projects evolved into institutional infrastructure requirements. The conversation has shifted.

Early 2025: “Should we be thinking about tokenization?”
Late 2025: “Can you administer tokenized structures?”

NAV has been building digital asset administration capabilities for years, not retrofitting them in response to market pressure. Today, we administer:

• Over $45 billion in digital assets
• 1,000+ funds worldwide with digital strategies
• Multiple structures ranging from pure crypto funds to traditional funds with digital asset allocations

NAV’s expertise in digital assets combined with deep hedge fund specialization with blockchain‑native capabilities sets us apart as a clear leader and credible partner for any institutional fund looking to make a move in tokenization.

Our 2025 partnerships reflected this positioning:-

• NAV, Galaxy, and Chainlink Co‑Hosted Webinar on Tokenization for Institutional Funds: Brought together infrastructure providers with practical fund administration realities for institutional funds thinking about moving to tokenization.
• AIMA Journal Q4 2025: Thought leadership article on Tokenized Money Market Funds
• NAV & Lionsoul: White paper presenting research on Yield Generation in Digital Assets

As real‑world assets tokenize and traditional funds explore blockchain‑enabled structures, NAV’s infrastructure advantage compounds.

Administration capabilities can sound abstract until you measure what clients actually experience. Our independent client satisfaction survey provided insights into how managers perceive NAV’s service delivery (rated on 1‑10 scale):

• 8.79 – Likelihood to recommend NAV
• 8.67 – Clarity, accuracy & completeness of reporting
• 8.55 – Timeliness of reporting
• 8.34 – Technology innovation and ease of use

We are proud of these scores, and they reflect our commitment and operational investment to solving real problems faced by modern fund managers. We continued to invest in our internal technology team to further elevate our award‑winning technology platform. This allows us to significantly advance automation capabilities and minimize operational friction across all fund administration workflows. In 2025, we rolled out enhancements to our E‑Subscription and Data Room tools to further streamlined fund marketing, due diligence, and investor onboarding, making it easier for managers to share information securely while reducing manual effort and administrative dependencies.

In parallel with these platform improvements, we strengthened our technology governance framework by achieving SOC 2 certification. This milestone reflects our deep commitment to maintaining the highest standards of security, availability, confidentiality, and processing integrity across all systems. It reinforces the trust fund managers and investors place in NAV’s infrastructure and demonstrates that every enhancement we introduce is built on a foundation of strong, independently validated controls.

NAV’s ability to support multiple asset classes from traditional funds, to pure crypto funds, to tokenized vehicles has made us a strategic partner for funds launching or scaling across APAC financial hubs including Singapore, Hong Kong, and Sydney, and for fund managers who need administrators who understand local requirements without losing coordination across borders.

Since entering the Asia Pacific region in 2020, NAV has rapidly expanded in one of the world’s most dynamic and fast‑growth fund ecosystems. With offices in Singapore, Australia, India, Mauritius, and the Philippines, NAV is now deeply embedded in the region’s hedge fund, private equity, and digital asset ecosystems.

To support current and future expansion, NAV India introduced our eighth major state‑of‑the‑art service and support facility in Jaipur:

• 80,000 sq. ft. facility
• Seating for 762 employees
• Built to enhance next‑phase operational scale

This facility reinforces NAV’s commitment to building a robust, resilient, and scalable global operational model. As fund structures become more sophisticated and client expectations continue to rise, these investments ensure NAV has the operational capacity to handle complexity without bottlenecking.

NAV received multiple awards from top industry publications, recognizing ourexcellence across various categories

• Best Administrator – Digital Assets (HFM Asia Services Awards)
• Best Fund Administrator – Client Services/Established Managers (HFM US Service Awards)
• Best Administrator – Technology (Hedgeweek European Awards)
• Best Fund Administration Service (HFM Private Asset Management Awards)

We participated as Lead or Gold Sponsors at several industry conferences:

• GAIM Ops Cayman
• iConnections Global Alts (Miami and Asia)
• AIMA Digital Assets Conference
• Hedgeweek Funds of the Future Europe

In addition, our teams participated in panel discussions on tokenized fund infrastructure, digital asset operations, AI in administration, and how traditional finance is integrating blockchain.

• NAV Fund Services, Galaxy, and Chainlink: Co‑hosted webinar on tokenization for institutional funds.
• NAV Fund Services, Akram Advisory, CalAlts: Co‑hosted webinar on navigating digital assets, key takeaways for tax & audit professionals
• NAV Fund Services, Covercy: Integrated solutions for real estate fund managers
• Agallas Equities Real Estate Fund: Supported their $400M fund launch focused on Dominican Republic real estate development
• 100 Women in Finance (100WF): Celebrated Sudha Gupta’s (Our Co‑Founder and CTO) recognition for leadership in financial technology and cybersecurity

We made two significant leadership additions in 2025 to support where we're heading.

Community Impact: Giving Back Together

In May, our U.S. team volunteered with @Feed My Starving Children (FMSC) to package meals for children across global communities. This initiative showed our dedication not only to business excellence, but to social responsibility — reminding us that meaningful impact often begins with shared action and compassion.

Also, NAV India is committed to supporting young learners by providing essential educational resources — including computers, devices, and other digital tools — that help create meaningful opportunities for growth. By equipping students with the technology they need, we enable them to explore, learn, and develop skills that will shape their future. When children have access to the right tools, their potential expands, and possibilities multiply. Even a small investment can create a lasting impact, helping them learn with confidence in a supportive environment and encouraging them to dream bigger.

We’re thinking about several trends that will likely shape fund administration over the next year.

2025 was a year defined by growth, leadership, technology advancement, and strengthened global presence. From expanding facilities and deepening our role in global markets to supporting hundreds of new fund launches, NAV continues to build a foundation that meets the complex needs of hedge funds, digital asset funds, private equity firms, and emerging tokenized structures.

As we enter 2026, our mission is clear:
To deliver the most advanced, secure, and client‑driven global fund administration ecosystem — empowering fund managers worldwide to innovate, launch, scale, and succeed.