Description
L1 provides an operating system for onchain wealth and asset management, designed for financial advisors. The platform offers a single dashboard to view and manage clients' digital asset portfolios across major networks like Bitcoin, Ethereum, and other EVM-compatible chains, supporting various cryptocurrency wallets. L1 introduces Onchain Separately Managed Accounts (Onchain SMAs), allowing managers discretion while clients maintain full custody of their assets. The platform is SOC 2 Type 2 compliant, offering both non-custodial and discretionary solutions to ensure regulatory compliance. It also streamlines billing, reporting, and fee management, integrating with existing back-office solutions and providing tools to track risk exposure and allocate to various investment strategies. Founded in April 2022 by Alex Sismanis (CTO) and Miguel Kudry (CEO), L1 aims to leverage self-custody and trustless financial protocols to separate custody from financial products, empowering investors and allowing financial professionals to focus on providing fiduciary advice.