Hedgehog Technologies has introduced a groundbreaking robo-adviser application for cryptocurrency investments. The app is compatible with iOS and Android platforms and provides automated financial guidance, focusing on portfolio management and investment rebalancing strategies.
Hedgehog has partnered with Gemini, a reputable crypto exchange, to ensure secure custody of cryptocurrencies. Although self-custody is not currently available, it may be an option in the future.
The Hedgehog app caters to the evolving needs of investors by offering six diversified cryptocurrency portfolios called “stacks.” These stacks, including Total Crypto, Satoshi, DeFi, ETH Network, Layer One, and Yield Farming, have similarities to index funds or exchange-traded funds but with a unique twist.
Unlike owning shares in a fund, users of the Hedgehog app directly own the assets in their chosen stack. This provides investors with a high level of control and transparency over their cryptocurrency investments.
Hedgehog Technologies’ innovative approach to the digital age was backed by a significant $1.6 million raised in August 2021 from reputable firms like Y Combinator and Dragonfly Capital. These funds played a crucial role in developing the robust and user-centric platform available today.
Compliance was a priority in this disruptive venture. The Hedgehog platform is registered with the U.S. Securities and Exchange Commission (SEC). Consequently, users are required to undergo an identification process known as the “know-your-customer” (KYC) process. This regulatory alignment enhances trust and legitimacy for the Hedgehog app.
Compiled by Coinbold