DwellFi Reaches $90M in Assets Under Administration

430+ investors leverage platform created by SAAS/Fintech startup

PALO ALTO, CA / ACCESSWIRE / May 2, 2023 / Fintech startup DwellFi announced that it has reached an important milestone in the company’s growth: $90 million in assets under administration (AUA). More than 430 investors are leveraging the platform to gain liquidity options from traditionally illiquid private market assets.

“We want to become the BNY Mellon for on-chain fund administration, and this milestone demonstrates the product-market fit that will help get us there,” said Kumar Ujjwal, founder and CEO of the company. “We’re poised to play a major role in the future of wealth management via real world assets and private market finance, offering new opportunities and possibilities for investors through the use of decentralized technologies.”

DwellFi is solving the problem of trust, speed and cost in asset administration via the blockchain, where one can create a secure and public record of an asset’s ownership and transaction history. The company started with commercial real estate, which is a $34 trillion industry globally, and has created a $3 billion pipeline of potential customers in only several months. DwellFi’s AUA is expected to increase to $1 billion by Q4 2023.

Private market investments have traditionally been structured as illiquid limited partnerships, with investors committing capital for extended periods, commonly ranging from 5 to 10 years. Those investments have been plagued by manual processes, slow transaction speeds, and high overhead costs. Innovative technologies and opportunities in real-world assets (RWAs) are emerging to solve those pain points, rapidly streamlining private market processes and improving the customer experience.

RWAs are assets that can be tokenized and used as a source of yield within decentralized finance (DeFi), representing traditional assets such as real estate and bonds. This development is transforming DeFi by offering sustainable and reliable yields and bridging the gap between decentralized and traditional financial systems.

By leveraging these decentralized technologies, DwellFi is democratizing access to private market funds, creating a more transparent, accessible, and efficient market. Feedback from DwellFi’s first customers has validated the concept.

“As a fund manager, I have been searching for a fintech platform that can help me access a wider pool of global investors and offer them a secure and transparent investment platform,” said David Hardcastle, CEO of Voyager Pacific Capital. “DwellFi has been an incredible partner in this journey. This has allowed me to easily convert my assets into digital certificates, and the blockchain-based platform has provided my investors with an unprecedented level of transparency and security.”

About DwellFi: DwellFi is a financial technology SAAS platform that utilizes blockchain technology to provide simplified, secure, and liquid wealth management. With flexible and convenient access to the value of assets, DwellFi ensures a seamless and efficient user experience. The platform offers innovative and scalable technology that reduces transaction costs, improves transaction speed, and enhances transaction security, leading to a more transparent private market.

Contact: [email protected]

SOURCE: DwellFi