Investing in crypto in the true sense of the term does not exist today. Most retail users end up purchasing random tokens hoping for 10x returns in five days with a very high chance of everything going to zero. This is not investing and can be very risky. This is exactly what prevents the general retail audience from participating in this new emerging financial ecosystem.
The only way for long-term steady wealth creation is to invest in systematic investment products. In the equities world, the creation of investment products like Mutual funds, ETFs, Index Funds, etc helped solve this exact problem.
Our vision at Mudrex has always been to help in the creation of long term wealth for our users using simple-to-invest products.
We will become a leading crypto asset management platform that provides users state-of-the-art products and services to improve their trading decision making and hence returns on investment.
To reach that vision, Mudrex has raised $2.5 Million in a seed round 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. Mudrex as a platform simplifies crypto investing by providing innovative investment products modeled along the lines of ‘Mutual Fund’ and ‘ETFs’ for long-term wealth creation.
Pratik Poddar, Principal, Nexus Venture Partners, added , “The cryptocurrency ecosystem is at an inflection point. Mudrex team has shown incredible potential and growth in carving a niche for themselves in a product-first customer-centric manner. They are operating at the intersection of three growth trends – access to wealth management services for retail investors, social investing by a new upcoming class of retail investors who are more risk taking, and crypto trading. They are operating in a market that is on the cusp of breaking out, and we are proud to get a chance to work with the team.”
“Cryptocurrencies stand out as a new asset class with extraordinary returns over the past decade, but systematic investment products like mutual funds are lacking. Mudrex enables the crypto-equivalent of mutual funds, ETFs, and index funds by letting professional investors create algorithmic crypto trading strategies on the platform. Then, Mudrex makes those algorithms discoverable by other investors who can make informed choices to put money behind the strategies that match their risk/reward profile. It’s a new ecosystem of algorithm creators and those who back their strategies. ”, said Anne Dwane, Co-founder & Partner at Village Global.