Neutrl has recently secured $5 million to introduce a synthetic dollar token aimed at democratizing hedge fund investment strategies for the general public.

Key Points:

• This funding will enable Neutrl to launch hedge fund-style crypto yield strategies that can be accessed through a single token.
• The NUSD token aims to capitalize on OTC altcoin arbitrage and delta-neutral hedging.
• Supported by STIX, Accomplice, and seasoned crypto professionals, Neutrl is targeting a $10 billion market focused on locked token deals amidst dwindling DeFi yields.

The NUSD token is intended to generate returns by arbitraging discounted altcoin deals available in private markets. Neutrl’s funding round was led by the digital asset private marketplace STIX, with investments from Accomplice, Amber Group, and others.

Neutrl’s approach simplifies access for average investors, allowing them to invest in a strategy that was once confined to sophisticated traders. With the anticipated unlocking of several altcoins, Neutrl believes it can tap into a lucrative market, providing solid opportunities for returns in a landscape where crypto yields have largely decreased. In two years, they project growing their assets to $2 billion.