2 years ago
Housecat, a crypto startup that allows users to reflector the trades of an experienced plus manager, closed a 3 cardinal euro (US$3.4 million) fundraising circular Wednesday.
The Helsinki-based level allows immoderate nonrecreational plus manager oregon aspiring plus manager to make their ain operation, CEO Ville Vesterinen explained to CoinDesk.
After users nexus their wallet to Housecat, they tin “subscribe” to an plus manager. The manager's trades volition beryllium mirrored successful the wallet, with the plus manager earning fees based connected show and the worth of assets nether management.
“We person built Housecat for ourselves and for everyone similar america who would similar to pat into the unthinkable fiscal accidental that is crypto – but who don’t person clip oregon the method expertise to travel each the antithetic projects, tokens, and concern opportunities,” Vesterinen said successful a release.
Fund managers ne'er custody the user’s funds, which removes the load arsenic good arsenic licensing and regulatory requirements from the operation.
“You tin deliberation of it arsenic Substack for plus management,” said Vesterinen, referring to the level that allows writers to commencement paid newsletters.
Housecat volition commencement onboarding its archetypal investors successful March. The protocol is present successful beta, its developers told CoinDesk.
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