Mercury Digital Assets (“Mercury”), the leading digital asset and cryptocurrency trading technology provider, announced today their investment in a one-million-dollar pre-seed funding round for RiskSmith, a transformational new app offering a professional-grade portfolio toolkit for individual investors. The funding will fuel product expansion and growth via strategic partnerships for RiskSmith.
Mercury brings decades of expertise in building low-latency trading systems, for both traditional capital markets and the crypto market, to the partnership. RiskSmith’s database tracks more than 10,000 crypto pairs, giving users an unparalleled view of how crypto assets and equities work together in a portfolio. Supported by Mercury’s digital-asset mastery, RiskSmith is positioned as a major leap forward from traditional brokers and portfolio trackers.
“We see great value in how RiskSmith solves the pain points of individual investors of digital assets,” said Mercury’s CEO Tony Saliba. “We are thrilled about this partnership and together we can help individual investors navigate and grow their investments with institutional-grade tools.”
2021 saw the single largest spike in new retail investors in history, but they were met with unprecedented volatility and an intimidating bear market. Many popular web-based brokers offer only a thin layer of metrics, and their customers are left unprepared to manage risk at this level.
RiskSmith is built to unwind that confusion and stress, giving users a powerful, intuitive analysis dashboard that pairs seamlessly with their existing broker account. The risk-centric metrics available on the platform were previously available only to institutional investors.
“We’re excited to give everyday investors the tools they’ve always needed but never had, and Mercury’s lead role in this funding round is a vital contribution to help us create that future,” said RiskSmith Co-Founder Dr. Richard Smith. “We’re serving the next generation of confident, successful investors.”
RiskSmith is currently available for free, open for registration at RiskSmith.com. Mercury’s funding will support the development of premium tiers of the RiskSmith service.