7/15/2022 – Wealth Square is now approved as an Investment Adviser Firm with the SEC !!!

Crypto robo-advisor wealth square launches with sec approval

Wealth Square is now available to all retail investors in the United States, and over 8,000 users have already signed up for early access.
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Wealth Square, the first crypto robo-advisor, has been registered with the U.S. Securities and Exchange Commission (SEC). It has launched a waitlist and is expecting to onboard U.S. residents in the coming weeks, according to an announcement by Wealth Square Friday.

The investment advisor was established back in September of 2020 and claims to be the first crypto robo-advisor in the cryptocurrency space. A spokesperson said it has a few millions dollars commitment from beta clients now being onboarded.

Wealth Square has partnered with BitGo, a U.S. leader in digital asset financial services, providing institutional investors and crypto platforms with liquidity, custody, and security. It will be offering diversified portfolios of cryptocurrencies according to investors’ risk tolerance, goals and investment time horizons with manual and fully automated investing features.

The crypto advisor intends to offer a free platform with no management or subscription fee. The platform will enable investors to build their own portfolios or select “auto-invest mode” with pre- build expert portfolios, using rebalancing and backtesting tools. The platform proprietary software automatically rebalances clients’ portfolios and executes buy and sell orders for the underlying assets, while handling storage and security complexities with partner, BitGo.

Other features such as NFT management tools, wallets and crypto exchange account connections will also be available to view all digital assets in one place.

Wealth Square has developed its own proprietary crypto trading software to allow retail investors to gain exposure, just like crypto institutional investors and crypto hedge funds, with the same edge and resources, while removing obstacles to access the cryptocurrency market.

There are still no cryptocurrency ETFs in the United Stated, and many investors are seeking cryptocurrency exposure. On CNBC, it was stated by Jason Kupferberg, analyst at the bank of America, that despite ongoing heightened market volatility, “90% of current and potential crypto investors plan to buy crypto in the next six months…”

According to Darren Moon, co-founder and CEO of Wealth Square, “Many traditional financial institutional firms, including registered investment advisors (RIAs), would like to offer such asset class to their customers, but they have limited experience and expertise in digital assets with no crypto financial tools or infrastructure to do so, which is why we believe there is a real unmet demand that needs to be filled.”

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