Fintech App Titan Adds Algorand, Chainlink and Uniswap to Actively Managed Crypto Fund
Titan has added ALGO, LINK and UNI to the actively-managed crypto portfolio it launched in August following its Series B raise led by a16z, the company said Tuesday.
- The fintech app said that the additions would give it exposure to Oracles (via LINK), DeFi (via UNI) and smart contract layer-1 platforms (via ALGO), categories that it believes will outperform the benchmark as adoption continues to grow.
- Titan initially said its Titan Crypto fund would have a collection of five to 10 cryptocurrencies, including bitcoin, ether, cardano and stellar. On Tuesday, the company said that along with the additions, it would be trimming the fund’s positions in bitcoin, ether and cardano, and exiting its position in stellar.
- Titan manages approximately $500 million for over 30,000 clients. It set up Titan Crypto to make it easier for customers to invest in crypto.
- Its investment team will make monthly adjustments to the allocations and coins contained in the crypto portfolio based on performance.