On January 25, the former Head of Product at “Marcus by Goldman Sachs” announced “Domain Ventures,” a crypto investing software that raised $33 million from investors.
Adam Dell, the brother of Dell computer tycoon Michael Dell, created a team of 25 former Goldman Sachs employees. Bridgewater Associates, Morgan Stanley, Coinbase Global Inc., and BlockFi are among the companies whose employees are departing. Elisha Wiesel, a former Goldman Sachs CTO, and Christopher Giancarlo, a former Chairman of the Commodities Futures Trading Commission, have also been invited to participate.
Retail users will have to pay a 1% yearly management fee for actively managed and tailored investment plans, according to the app. Real-time market intelligence, live customer service agents, and social sentiment analysis are all included in the app.
Adam Dell also stated:
“We created Domain Ventures to give investors a sophisticated, intuitive, and comprehensive platform to invest in crypto as a core component of their portfolios, not as a curiosity.”
Will you be trying this new app or stick to your existing app? Comment below.