Startup Domain Money, which was founded by former Goldman Sachs chief product officer Adam Dell, has raised $33 million with the goal of launching a mobile app for trading stocks and digital assets.
The Domain Money team includes former employees of Goldman Sachs, Bridgewater Associates, Morgan Stanley, Coinbase Global and BlockFi. In addition, former Goldman Sachs CTO Elisha Wiesel and former CFTC chief Christopher Giancarlo are also involved in the project.
Development funding has been provided by Bessemer Ventures, Maveron, RRE Ventures, SV Angel, Marc Benioff and Joe Lonsdale.
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The app is available on the AppStore. In addition to trading, it provides expert ratings, key financial indicators and breaking news.
Users can subscribe to one of the professionally managed strategies, with an annual management fee of 1% of assets.
Supported assets include Bitcoin, Ethereum, Polygon, Terra, Uniswap and Bitcoin Cash.
Both trading and storage of cryptos is offered in cooperation with Gemini Trust, while for stocks the partner is Apex Clearing.