Former Goldman Sachs Exec Raises $33M for Startup Fusing Stocks, Crypto

Domain Money’s platform supports crypto and equity investments

article-image

Source: Shutterstock

share

key takeaways

  • The platform focuses on helping retail investors gain more control and access to stocks, as well as digital assets
  • Its investment strategy division is managed by a team of alumni from Bridgewater Associates, Goldman Sachs and Morgan Stanley

An investment platform with one foot in crypto and one foot in equities launched Tuesday with the goal of building the wealth of retail investors across both asset classes. 

Domain Money raised a $33 million round, which founder and CEO Adam Dell said is earmarked to expand the team and build out additional customer features.

The round included participation from venture capital firms Bessemer Venture Partners, Maveron and RRE Ventures, plus noted venture capitalists Marc Benioff and Joe Lonsdale.

Investors are looking for exposure to diverse asset classes, including crypto, while maintaining control of their finances in a way they can easily track, Dell told Blockworks via email. 

“We built Domain Money to be an investor-centric service – from the ground up, based on research and entirely focused on helping consumers answer the question of ‘how should I best invest in crypto’ and also responsibly build wealth,” Dell said.

Dell, the former head of product at Goldman Sachs’ consumer bank, Marcus, tapped a number of well-known financiers and regulators  — including former Goldman chief technology officer Elisha Wiesel; former CFTC chairman Christopher Giancarlo; and Do Kwan, founder of Terra Network. 

Domain Money’s investment division — which runs actively managed strategies — is managed by alumni from Bridgewater Associates, Goldman Sachs and Morgan Stanley.

Apex Clearing custodies equities, while Gemini Trust runs crypto trades.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

Revolut said that the standalone crypto exchange is currently “invite only”

article-image

The stock price jump comes after Coinbase reported ending its seven-quarter run of net losses during the fourth quarter

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders