Benzinga - Libertify, an AI-driven risk management platform, unveiled its latest offering in crypto wealth management: an artificial intelligence (AI) audit.
This new feature allows crypto investors to assess and manage their portfolio risks and instantly receive optimization suggestions aimed at minimizing risk without compromising performance.
Libertify CEO Steve Rosenblum emphasized the importance of learning from past market downturns.
“By auditing your portfolio with AI, we provide a unique way to scan risk exposure, and define a new, efficient equilibrium to move forward with an instant optimization proposal,” he said.
The AI audit is compatible with major digital wallets, including Coinbase Global Inc (NASDAQ: COIN), Binance (CRYPTO: BNB), MetaMask and Ledger, thereby encompassing more than 90% of the crypto market.
Libertify's platform harnesses advanced AI, neural networks and machine learning technologies to offer crypto investors a safeguard against the notorious volatility of digital tokens, the company said in a statement shared with Benzinga.
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The company added that historically risk management solutions are offered exclusively to major banks and institutional investors. Libertify seeks to democratize this access given the anticipated surge in retail crypto investors projected to grow from 200 million in 2017 to more than 1.6 billion by 2025.
Rosenblum further commented on the often speculative nature of crypto investments, noting, “Crypto users buy tokens based on their beliefs and hopes, often forgetting that the crypto market is a turbo of volatility.”
He believed Libertify's AI solution offers renewed hope for investors, ensuring safer investments by continuously optimizing the risk/reward ratio.
While Libertify's current focus is on the crypto market, plans are underway to extend its AI risk management tool to the traditional stock market by the third quarter of 2023.
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