Path Digital Advisors Selects Gemini as Custodian for Automated Crypto Portfolio

The investment advising platform Path Digital Advisors has chosen Gemini, a crypto exchange, as the custodian for its new automated crypto portfolio.

Path’s new app features Managed Portfolios that enable clients to trade assets and access robo-advisement, tailoring investments to individual goals and risk tolerance. Path’s investment team aids clients in navigating the complexities of the crypto market.

“We became a Registered Investment Advisor because, especially at the time, almost the entire market share of crypto assets was sitting idle on exchanges all over the world,” said Path founder and CEO Joel Birch. “Not with custodians, or in IRAs, or with any fiduciary, just sitting in a ledger commingled with thousands of other traders. We believe investors should feel confident that their crypto is cared for and managed appropriately. The Path app is a realization of this goal.”

The firm has raised a total of $35 million to date, Birch added.

Gemini, founded by Tyler and Cameron Winklevoss, also serves as the crypto custodian for VanEck’s spot bitcoin exchange-traded fund, HODL. In July, Gemini reported $2.4 billion in trade volume, according to The Block’s Data Dashboard.

“Gemini shares Path’s mission to broaden access to crypto investing, and Managed Portfolios symbolizes this effort perfectly,” said Paget Stanco, Principal of Gemini Institutional. “Path will utilize Gemini’s infrastructure to provide secure access to crypto-native trading and custody for all Managed Portfolios users.”

The U.S. Securities and Exchange Commission first approved Path’s registration in June 2021, according to the SEC’s Investment Advisor Public Disclosure page.