Truvius, a crypto investment platform offering active and passive products, has raised $3.2 million in a pre-seed funding round led by Galaxy Ventures.
Other investors in the round included New Form Capital, Chainview Capital and undisclosed angel investors, Truvius said Thursday. The startup was founded in 2022 and is launching its investment platform today, co-founder and CEO Connor Farley told The Block. He declined to comment on when the pre-seed funding round was raised, the structure of the round and Truvius’ valuation post-funding.
What is Truvius?
Truvius is a crypto investment platform for individual and institutional investors. It offers crypto sector-specific and size-specific standalone indices and model portfolios that allocate to multiple underlying indices.
“Our roots in quantitative finance provide our key differentiating edge,” said Farley, who previously worked as a product specialist at AQR Capital Management on global asset allocation and stock selection teams. “We leverage our expertise in fundamentals-driven quantitative investing and institutional portfolio construction and apply it to digital asset markets for sophisticated investor profiles.”
Truvius’ other co-founder and chief operating and financial officer is Max Freccia, who previously also worked for AQR as a quantitative specialist. Farley said that Truvius has built its own proprietary separately managed account (SMA) technology stack and offers its own investment strategies, adding the Boston-based firm is 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.
Truvius’ partnership with Anchorage Digital
Truvius is not self-custodial, meaning users won’t hold their own crypto, which goes against traditional crypto principles. However, Farley said this was an intentional decision because Truvius’ institutional and high-net-worth investors are familiar with the custody infrastructure provided by traditional investment advisors.
Truvius has partnered with Anchorage Digital — the only federally chartered crypto bank in the U.S. — to offer its customers qualified custody and trading services.
Farley said the minimum investment amounts on the Truvius platform range from $15,000 to $50,000, covering a variety of products that include both passive and active investment options.
Truvius currently employs four people, and Farley said he’s looking to hire more people for the sales and engineering functions.
“Our goal is to increase the distribution of our systematic, actively managed investable smart beta and alpha strategies for the high-net-worth and high-earner community,” Farley said. “We plan to expand our business development resources to help supercharge asset growth and build on our existing network of family office, high-net-worth individuals, and other institutional investors.”
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