"Kevin Tang and Wyatt Raich used to work in digital assets at BlackRock, where they helped the company pivot from its loud skepticism of crypto to being one of Wall Street's major players in the sector. During this time, they came to feel it was too difficult for people overseas to participate in common investment opportunities like purchasing U.S. stocks. That's why they co-founded HelloTrade, a mobile-first, blockchain-powered trading platform."
"HelloTrade aims to give investors around the world access to U.S. assets. For example, people in Vietnam or Indonesia may want to buy Tesla stock. But through their current brokerage systems, those aren't easily accessible. By using crypto technology, HelloTrade plans to solve that problem. The platform also offers perpetual futures, which give customers more exposure to an asset than they would have in cash on the platform."
Kevin Tang and Wyatt Raich co-founded HelloTrade to make U.S. stocks and commodities accessible to investors worldwide via a mobile-first, blockchain-powered trading platform. The startup raised $4.6 million in a first funding round led by Dragonfly Capital with participation from Mirana Ventures and angel investors. HelloTrade plans to use crypto technology to bypass local brokerage limitations and offer products including perpetual futures to increase exposure. The company aims to deliver a superior user interface compared with incumbents like Robinhood and Revolut. The product is expected to launch late this year or early next year, and the team has about ten employees.
Read at Fortune
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