Enigma Quant Capital

In a Dubai fintech scene crowded with high-frequency crypto shops, Enigma Quant went the other way: it builds AI-assisted models around low-frequency strategies, prizing robustness and interpretability over raw speed. Vatsal Thirani founded the firm in 2025 and runs its research from bases in the UAE and India.

Trading currently centers on cryptocurrency markets, with a stated path toward equities and FX as the model set widens. The firm is assembling an audited track record with a view to converting into a regulated hedge fund structure over time.