Y Combinator and Nexus VP-backed Mudrex, a global crypto asset management platform has launched ‘Coin Sets’.
According to a statement, “Through Coin Sets, for the first time, retail investors will get the ability to invest in a variety of Mutual fund style crypto investment products, earlier only accessible to the HNIs and institutions. With this product, Mudrex furthers its vision of simplifying investing in crypto by building an easy-to-use product for retail investors.”
Commenting on the launch of ‘Coin Sets’, Edul Patel, CEO & Co-founder of Mudrex, said, “As a leading global player in crypto, Mudrex is constantly looking to bring ease and simplify investing in crypto for newer investors. Coin Sets is one such product that will allow investors to mitigate risk by diversifying investment in cryptocurrencies. It is a mutual fund-like product with a better risk-reward ratio. The product is designed to expand retail participation in crypto investment, curated suitably for investors who look at crypto investments as long-term wealth creation.”
The announcement comes in quick succession of Mudrex closing its seed round. Mudrex recently announced a funding round of $2.5 million led by Nexus Venture Partners, with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal.
The company had earlier raised $750,000 from Y Combinator, Better Capital, Woodstock Fund, and angels like Nitin Sharma and Anupam Mittal.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.