{"id":354637,"date":"2021-10-19T00:45:00","date_gmt":"2021-10-18T21:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mudrex-launches-defi-mutual-fund-model-for-retail-investors\/"},"modified":"2021-10-19T00:45:00","modified_gmt":"2021-10-18T21:45:00","slug":"mudrex-launches-defi-mutual-fund-model-for-retail-investors","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mudrex-launches-defi-mutual-fund-model-for-retail-investors\/","title":{"rendered":"# Mudrex launches DeFi mutual fund model for retail investors"},"content":{"rendered":"

“# Mudrex launches DeFi mutual fund model for retail investors <\/strong>”
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Cryptocurrency asset management firm Mudrex has announced the launch of its new Coin Sets investment vehicle.<\/p>\n

The new offering allows investors to diversify their asset portfolio <\/strong>across a range of high-performing decentralized finance, or DeFi, assets, as well as nonfungible tokens, or NFT\u2019s.\u00a0<\/p>\n

The niche financial model fosters the distribution of risk exposure in what is often considered a volatile marketplace, allowing investors to bet on the value proposition of an entire sector, rather than the individual potential of a single asset. The basket of assets is also\u00a0rebalanced on a monthly basis to recalculate the risk and opportunity for investors.\u00a0<\/p>\n

This is reportedly<\/a> the first time a product of this kind has been launched to the retail marketplace, as opposed to mutual funds with similar design and functionalities that exclusively target high-net worth clientele and institutional-grade investors.<\/p>\n

Launched in January 2018, the San Francisco-based organization, is experiencing a moment of expansion, registering over 40,000 users and in excess of $15 million in assets under management. <\/p>\n

In April 2020, the firm launched a digital asset trading platform titled Mudrex Invest, designed to provide automated expert trading services to regular individuals. <\/p>\n

On Aug. 10, it was announced that the firm had received a seed funding raise of $2.5 million orchestrated by Nexus Venture Partners, with additional participation from the likes of Village Global and Kunal Shah, among others. <\/p>\n

It is expected that the recent acquisition of funds will contribute to expanding the firm’s operational workforce, in addition to the deployment of further products and services. <\/p>\n

Related: Portfolio rebalancing through DeFi must be simplified to see adoption<\/em><\/strong><\/p>\n

Cointelegraph spoke to the co-founder of Mudrex, Edul Patel, who commented on the identified target audience for the launch of the new product:<\/p>\n

The demand for a simple to invest product like Coinsets is so universal that we have a lot of interest from across demographics. The product is especially attractive to new entrants into crypto who are quickly overwhelmed with the information overload in the asset class.<\/p><\/blockquote>\n

In addition, Patel revealed an innovative aspect of the Coin Set product which encourages a self-assembling app<\/a>roach to portfolio creation, as well as reporting that one of India’s largest portfolio management systems, MintingM, have utilized the model for their flagship product xMINT.<\/p>\n

“One very interesting feature that we have enabled is letting pro traders\/creators and influencers build their own Coin Sets and distribute it to their own communities to unlock wealth creation for theme.”<\/p><\/blockquote>\n