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AUG 12, 2024
Gemini Becomes Custodian for Path Crypto's Managed Portfolios Platform
Since launching nine years ago, Gemini has made it our mission to be a responsible custodian powering the expansion of the cryptocurrency ecosystem.
To that end, Gemini is pleased to announce that we were selected as the custodian for Path Crypto’s Managed Portfolios, a robo-advisement investment platform that offers tailored digital investment strategies for retail and institutional investors.
Path Crypto, a registered SEC investment advisor in the crypto industry, recently launched the Managed Portfolios program in the US and has plans to expand internationally later this year pending regulatory approvals.
Why Team Up with Path Crypto? It’s About Access
The cryptocurrency market has experienced explosive growth over the past decade-plus. But the landscape has become increasingly complex. Now, even seasoned investors often find it challenging to keep up with shifting market trends, technological advancements, and evolving state and federal regulations.
Path Crypto’s Managed Portfolios service helps alleviate these pain points, making crypto less intimidating for novice investors by crafting investment strategies to fit the unique needs of each customer.
"Managed Portfolios marks a significant milestone in our commitment to simplifying cryptocurrency investing,” Path CEO Joel Birch said. “We believe that everyone should have access to expert guidance and diversified portfolios in the crypto space. This launch represents our dedication to making cryptocurrency investment accessible to all."
Customers can access Managed Portfolios with a minimum investment of $100, making it easier than ever to gain exposure to digital currencies.
“Gemini shares Path’s mission to broaden access to crypto investing,” said Paget Stanco, a business development principal at Gemini. “We look forward to supporting them with Gemini’s infrastructure solutions to provide secure access to crypto-native trading and custody.”
Providing the Infrastructure To Support Crypto Investments
As part of the partnership, Gemini’s infrastructure team will power the Managed Portfolios product’s back-end, allowing Path customers to access their crypto dashboard. Path Crypto takes it from there, using robo-advisor technology to offer investment strategies based on individual risk preferences.
After signing up for Managed Portfolios, Path customers answer a few questions about risk tolerance, and the program team does the rest, creating investment solutions aligned with customers' financial goals. Gemini custodies the cryptocurrency assets, allowing Path Crypto to actively manage crypto portfolios to address changing market dynamics.
Regulatory Compliance Made Easy
Regulatory compliance has become increasingly important in the digital assets industry. After signing up for Managed Portfolios, Gemini will send all the necessary KYC/AML checks to ensure that customer accounts comply with all relevant state and federal regulations.
Gemini Trust Company, LLC is a fiduciary and qualified custodian under the New York Banking Law and is licensed by the New York State Department of Financial Services (NYDFS). All customer funds held on Gemini are held at 1:1 and available for withdrawal anytime.
Path is an SEC-registered investment advisor, and, like Gemini, has a fiduciary responsibility to ensure assets are managed with the best interests of customers at heart.
Onward and Upward!
Team Gemini
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