Asset manager Moneybox has raised £35m in a Series D funding round to help the firm expand and launch crypto services.
Ben Stanway, co-founder of Moneybox, has said in an interview with AltFi that the company plans to grow its customer base, increase its ETF offering and introduce services for investing in digital assets. He has said:
“We are going to expand into cryptocurrencies through the lens of portfolio diversification, not speculation.”
Stanway has specified that these plans are in the early stages of development. First, they will introduce the possibility of investing in Bitcoin and, probably, in “one or a couple” of tokens.
In terms of diversification, he has given the example of owning a “couple of percent” in cryptocurrencies from a total portfolio.