Singapore-headquartered digital wealth platform Kristal.AI saw its assets under management surge in the past year to reach $1 billion.
Kristal.AI tripled its global assets under management (AUM) in the last 12 months and crossed $1 billion, according to a statement.
In the first seven months of the year, its user base grew over 50 percent compared to end-2021, particularly in its private wealth business with higher AUM per client. A number of its private wealth clients have also opted for its digital family office (DFO) offering which further accelerated asset growth.
«The mass affluent and emerging HNWI class of investors in Asia are growing exponentially,» said Kristal.AI founder and chief executive Asheesh Chanda. «Since our inception, we have always prided ourselves on relentless innovation and digitalization and this is showcased through our platform, which offers hybrid investment advisory combining the high tech of AI and the high touch of human experts.»
Staff, Product Expansion
Accompanying Kristal.AI’s AUM growth is senior C-suite appointments across its investment advisory and marketing functions. The digital wealth manager has also expanded its product shelf with fractional access to fixed income products, hedge funds and structured products such as fixed coupon notes.
Its existing offering covers 200 funds, including private equity and venture capital, private market access such as pre-IPO deals, discretionary mandates, DFO, variable capital company, and robo-advisor portfolios.
Founded in 2016, Kristal.AI today has a staff of 240 located across Singapore, Hong Kong, India and the UAE.
