Arta Finance, a US-based digital family office for accredited investors, announced that it has received a capital markets services license from the Monetary Authority of Singapore.
The platform is expected to open to Singapore residents and other investors later this year, and interested parties can join a waiting list. here.
The launch follows Arta expanding its product lineup and emerging from stealth in 2022 with more than S$120 million in funding from investors including Peak XV, Ribbit and Coatue.
Arta Finance provides access to financial strategies and investment opportunities typically only available to the ultra-high net worth individuals.
The company provides access to alternative assets, liquidity through credit facilities, and AI-driven investments in public markets.
Members can benefit from Arta’s ecosystem of financial and lifestyle experts, aiming to reduce administrative burdens and high fees.
Arta members can access alternative investments such as private equity and venture capital, with investments starting from S$10,000.
It also uses AI to create personalized, automated portfolios and enables direct indexing for risk management.
The platform runs on Google Cloud and employs advanced encryption, as well as biometric and hardware-based authentication methods.
Arta is headquartered in Singapore and the US and has partnered with BNY Pershing to provide custody services.
Caesar Sengupta
“Singapore is emerging as a global wealth capital, making it an ideal location for innovation and financial technology. Launching Arta in Singapore will enable us to serve investors from around the world through this trusted financial hub.”
At Arta, we aim to democratize access to powerful financial strategies and bring the wealth management tools of the ultra-high net worth individuals to a wider audience. We are excited to expand in Singapore and bring these financial superpowers to more people.”
Caesar Sengupta, CEO and co-founder, said: Alta Finance.
Eric Schmidt
“Combining advanced financial strategies with AI is the visionary thinking that will bring about true step change.
“I’m incredibly impressed with what Arta has built by applying advanced AI and ML to their investment strategies, and I look forward to watching this incredible team create tremendous value for many people.”
“We are excited to partner with NVIDIA to bring the power of AI to the NVIDIA AR platform,” said Eric Schmidt, co-founder of Schmidt Futures and former CEO and Chairman of Google.
