Quick take:
- The fundraising also attracted participation from New Form Capital and Chainview Capital.
- Truvius offers both active and passive crypto investment options for indices and model portfolios.
- The company has partnered with Federally chartered crypto bank Anchorage Digital to provide clients with authorised custody and trading services.
Crypto trading platform Truvius has secured a $3.2 million pre-seed round led by Galaxy Ventures, with participation from New Form Capital and Chainview Capital. The company also announced the launch of its crypto trading platform, which offers products for both active and passive investors.
Truvius allows both individual and institutional investors to explore various crypto sector-specific and size-specific standalone indices and diversified model portfolios for investment opportunities.
Co-founded by CEO Connor Farley and Max Freccia in 2022, the firm traces its roots to quantitative finance, which Farley argues provides them with “a key differentiating edge.”
“We leverage our expertise in fundamentals-driven quantitative investing and institutional portfolio construction and apply it to digital asset markets for sophisticated investor profiles,” Farley told The Block.
Both Farley and Freccia worked at AQR Capital as a product specialist and quantitative specialist respectively, before setting up Truvius.
The company has developed its own separately managed account (SMA) technology stack, which it uses to offer investment strategies, governed by its status as a registered investment adviser with the U.S. Securities and Exchange Commission.
“Our entire platform — from custody and trading to performance reporting to investment offerings — adheres to SEC compliance and regulations,” Farley said.
Although Truvius does not provide non-custodial asset management services, it has partnered with Federally chartered crypto bank Anchorage Digital to provide clients with authorised custody and trading services.
Farley also revealed that the platform has set minimum investment amounts in the range of $15,000 to $50,000 for both passive and active investment vehicles.
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The post Truvius Secures $3.2M Pre-Seed Round Led by Galaxy Ventures appeared first on NFTgators .