Crypto Startup Glider founders want to help people invest in cryptography more easily without dealing with corridors or centralized exchanges.
To do so, glider seeks to allow users to automate cryptographic tradeSwaps and other activities involved in decentralized finances in a personalized way, said co -founder Brian Huang Fortune. Decentralized finances, or defi, refer to a sector of the cryptographic industry that uses blockchains and digital contracts to offer financial services without intermediaries such as banks such as banks.
“Glider does everything behind the scene or runs in the background, but he has total control of his assets and still obtains the underlying utility of all those assets,” said Huang.
On Wednesday, the one -year company said it has raised $ 4 million in funds led by Andreessen HorowitzWith additional participation by Coinbase Ventures, Uniswap Ventures and GSR. The company did not reveal its assessment in the financing round.
Glider also announced his participation in the crypto start accelerator of Andreessen Horowitz in San Francisco this spring.
The New York headquarters plans to use artificial intelligence to help users to modify their cryptographic investments to their desired specifications. This may involve selecting cherry trees to keep in a structure similar to the ETF or having trend tokens in a particular chain, Huang said. Using AI in combination with Defi, Glider plans to allow users to control their cryptography assets without constantly having operations themselves.
“Everyone should be able to tune in their portfolio exactly how they want it, automate it and do exactly what you would like to do within their own risk and tolerance profile,” said Glider co -founder John Johnson. Fortune.
Glider is still testing its technology, which plans to launch in the coming months. The company plans to make money charging users a administration rate based on a percentage of customer assets under administration.
There are already many companies, including Bitwise and Grayscale, which help customers manage their cryptographic investments. However, Huang says that Glider is different because, unlike traditional asset administrators, he will not have custody of user assets.
“It looks a lot like these traditional financial advisors, but we do it completely without custody,” said Huang, which means that Glider will use blockchain technology to allow users to maintain control of their investments at all times.
The money raised in this financing round will be used to hire more employees and develop the company’s marketing strategy, said Huang.
This story was originally presented in Fortune.com
