Cryptocurrencies
Ex-Goldman Marcus Head Launches Crypto and Stocks Investing App
- Domain Money raised $33 million from Bessemer Venture, others
- App provides actively managed crypto investment strategies
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Adam Dell, the former head of product at Marcus by Goldman Sachs Group Inc., launched stocks and crypto investment platform Domain Money on Tuesday, bringing with him a team of 25 employees from the bank to the new venture.
Domain Money, which targets retail users, raised $33 million from investors including Bessemer Ventures and Marc Benioff, the co-founder of Salesforce.com Inc. It differentiates from similar products by offering actively managed investment strategies, curated by an investment team that counts ex-employees from Goldman and Bridgewater Associates among its members. Users pay 1% annual management fee for these active strategies.