The former product manager of “Marcus by Goldman Sachs” has launched a cryptocurrency investment application, “Domain Ventures”, which raised $33 million from investors on January 25.
Adam Dell, brother of Dell computer tycoon Michael, assembled a team of 25 former Goldman Sachs staffers. Other staff members are leaving their roles at Bridgewater Associates, Morgan Stanley, Coinbase Global Inc. and BlockFi. Elisha Wiesel, former Goldman Sachs CTO, and Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission, have also been hired to join the project.
The app is targeted at retail users, who will be charged a 1% annual management fee for actively managed and monitored investment plans. The app features real-time market intelligence, live customer service agents, and social sentiment analysis.
Gemini will facilitate the cryptocurrency trading function of the application, and Apex Clearing will be in charge of trading and custody of securities.
Investors in the project include the venture capital firm Bessemer Ventures and Marc Benioff, co-founder of Salesforce.com Inc. Talso Maveron, RRE Ventures, SV Angel and Joe Lonsdale
We are thrilled to announce that Domain Money has launched. With our app you can trade stocks and crypto, invest in one of our professionally managed strategies and discover serious control through Domain Signal. Now available in the Apple app store.https://t.co/WDrR4q9W9y pic.twitter.com/89kZ9pTJds
— Domain Money (@domainmoney) January 25, 2022
We are delighted to announce the launch of Domain Money. With our app you can trade stocks and cryptocurrencies, invest in one of our professionally managed strategies and discover some serious monitoring through Domain Signal. It is already available in the Apple app store.
“Investors are looking for access to diverse asset classes, along with the security, transparency and power of being in control of their finances.Dell said in a January 25 announcement, adding that its mission is to grow its customers’ wealth.
“We developed Domain Money to provide investors with a sophisticated, intuitive and holistic platform to invest in cryptocurrencies, not as a novelty, but as a building block of their portfolios.”
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