Investment Management Firm Xalts Raises $6 Million In Funding
Xalts, an investment management and technology firm, has raised $6 million from VC firm Accel, Citi Ventures and crypto founders such as Polygon co-founder Sandeep Nailwal.
The startup plans to launch several digital asset-related fund products, such as mutual funds and ETFs, that will be traded on several global exchanges.
Xalts | Investment Innovation In Digital Assets
Founded by Ashutosh Goel, a former trader at HSBC, and Supreet Kaur, a former executive at Meta Asia, Xalts is a global investment management and technology firm. It is developing proprietary investment products, platforms and solutions for global institutions to access opportunities in the digital asset class in a secure and compliant manner.
Speaking about the development, Goel, Chief Investment Officer, Xalts, said,
“What came to the forefront this past summer in several large crypto firms was a lack of basic controls, checks and balances that most of us take for granted in the financial industry. With xalts, we are building innovative, institutional-grade investment products and solutions that focus on high compliance and control standards—things institutional investors care about.”
As per Supreet Kaur, Co-founder and COO of Xalts, there is a lot of pent-up demand from institutional investors to participate in the digital asset class. However, a lot of institutions are not able to access this ecosystem directly.
The products and solutions offered by the startup bridge this gap without compromising the high standards of safety and compliance expected by institutional investors, Supreet added.
Currently, the startup services its institutional clients through three core offerings:
- Asset Management: Digital asset-linked exchange-traded products (ETFs, UCITS, ETPs) listed on global exchanges & mutual funds.
- Issuance Platforms: Technology & infrastructure to facilitate third-party issuance of digital asset-linked structured notes and asset management products.
- ALM Solutions: Treasury solutions leveraging blockchain & tokenization to facilitate investment across traditional and digital asset classes.
The investment management and technology firm is also developing several other products in collaboration with other players in the ecosystem. This includes a structured product and repackaging platform, which will allow institutions to issue structured notes with embedded crypto options.
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