Titan, a major investment management firm in the US, has officially announced the launch of its new cryptocurrency investment service ‘Titan Crypto’ in an effort to bring professionally managed crypto portfolios to its clients.
Titan Crypto is an actively managed investment portfolio that seeks to invest in leading cryptocurrencies such as Bitcoin and Ethereum that have the potential to outperform in the coming years. The company seeks to attract investors who have no prior knowledge of the industry.
The company was established in 2018 and currently has $600 million assets under the management of over 30,000 customers.
It recently conducted a $58 million Series B financing round in July, taking its total funding to $75 million. According to the statement, the company plans to “make significant strides in building out Titan’s underlying platform and suite of investment products”.
Clay Gardner, co-founder and co-CEO of Titan said:
“The adoption of cryptocurrencies and blockchain protocols is exploding, and we expect this trend to prove structural and long-term in nature. We see the wrong debate being had – it’s not a matter of if crypto deserves a place in portfolios; it’s a matter of what percentage.”
Titan crypto will be managed by a separate crypto team. The portfolio will contain a concentrated number of crypto assets such as Bitcoin, Ethereum, Stellar, and Cardano. The new crypto service is currently available for US residents except for those residing in the state of New York.