Crypto investing app raised $33M
The crypto investing app "Domain Money" raised $33 million on Jan 25 via a funding round that includes a number of experts from major firms. The brother of Dell computers tycoon Michael, Adam Dell, has picked up a team of 25 staff members from Goldman Sachs, a major investment banking firm.Other members of the team include officials from Bridgewater Associates, Morgan Stanley, Coinbase Global Inc., and BlockFi. Former Goldman Sachs CTO Elisha Wiesel, and Christopher Giancarlo, the former Chairman of the Commodities Futures Trading Commission, have also secured a position on the team of the crypto investing app.
With team members from so many reputed firms, the crypto investment app aims to provide very easy access to crypto and stocks to investors.
More about the app
The application is now live on the Apple Store, and users can access the application. The crypto trading functionalities of the application will be backed by a crypto exchange, Gemini, while the custody and trading of securities will be backed by Apex Clearing.Adam Dell commented on the launch of the crypto investing app via a press release.
"We developed Domain Money to provide investors a sophisticated, intuitive, and holistic platform to invest in crypto, not as a novelty, but as a core component of their portfolios."The backers of the crypto investing app include huge names in the industry like Bessemer Venture Partners, Maveron, RRE Ventures, SV Angel, Marc Benioff, Joe Lonsdale, and Elisha Wiesel. Furthermore, there is also a team of expert advisors, including Do Kwan, founder of Terra Network, the firm behind Terra (LUNA) cryptocurrency.
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