Mobile-first investment company Titan has launched a new platform called “Titan Crypto” to bring the first actively managed crypto portfolio for U.S Investors.
According to the announcement Titan Crypto, seeks to invest in a concentrated basket of crypto assets that can outperform over the long term. This new service comes with zero performance-based fees or lock-ups.
Titan plans to add tremendous value and significant returns for customers by offering strategic investing and managing its crypto portfolio. Titan’s in-house crypto investing team will actively manage the portfolio.
“The adoption of cryptocurrencies and blockchain protocols is exploding, and we expect this trend to prove structural and long-term in nature. We see the wrong debate being had- it’s not a matter of if crypto deserves a place in portfolios; it’s a matter of what percentage,” says Clay Gardner, co-founder, and co-CEO at Titan.
In July, the company announced a $58 million Series B round led by Anish Acharya of Andreesen Horowitz(a16z). Since its launch in 2018, Titan has raised $75 million to support its mission “to lead the world to better wealth by enabling everyone to invest in the world’s success”. The platform currently manages $500 million in assets for over 25,000 clients.
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“At Titan, our clients trust our portfolio selection and we see the ever-increasing likelihood that Bitcoin and other crypto assets achieve broad adoption and value accrual. We are excited to be the first to introduce this offering to our clients,” says Max Bernardy, co-founder, and CTO.
