In an unprecedented move within the world of cryptocurrency investments, Hedgehog Technologies has introduced its novel robo-adviser application. The application, compatible with both iOS and Android platforms, offers automated financial guidance to cryptocurrency investors, with a primary focus on portfolio management and investment rebalancing strategies.
Hedgehog has integrated with the well-established crypto exchange Gemini for secure custody of cryptocurrencies. The feature of self-custody is not currently available, but the company has suggested that it might be an option in the future.
The Hedgehog app is ingeniously devised to cater to the progressive needs of investors by offering an assortment of six diversified cryptocurrency portfolios, coined ‘stacks’. The stacks, named Total Crypto, Satoshi, DeFi, ETH Network, Layer One, and Yield Farming, parallel the functionality of index funds or exchange-traded funds, but with a unique nuance.
In contrast to owning shares in a fund, the users of the Hedgehog app own the assets in their chosen stack directly. This offers investors an unparalleled level of control and transparency over their cryptocurrency investments.
Hedgehog Technologies’ ingenuity and leap into the digital age did not occur in a vacuum. The parent company raised a substantial $1.6 million in August 2021 from renowned firms, including Y Combinator and Dragonfly Capital. These funds were pivotal in building the robust and user-centric platform we see today.
Compliance has not been overlooked in this disruptive venture. The Hedgehog platform is registered with the U.S. Securities and Exchange Commission (SEC). As a result, users must undergo an identification process, also known as the ‘know-your-customer’ (KYC) process. This alignment with regulations adds an additional layer of trust and legitimacy to the Hedgehog app.
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