附近上门

Stock trading platform has purchased , a startup that allows individual investors to buy fractional ownership in alternative assets including NFTs and sports memorabilia.聽

Terms of the deal weren鈥檛 disclosed, though 附近上门 data shows Otis has raised $16.5 million from investors including and .

New York-based Public (which, despite the name, is still a privately held company) itself has raised at least $308 million from venture investors. The purchase builds out its platform and gives Public鈥檚 3 million or so users the opportunity to diversify their investment portfolios, co-CEO wrote in announcing the deal.

鈥淲e believe a modern, diversified portfolio is made up of more than just stocks, funds, and crypto 鈥� it鈥檚 also made of cultural assets,鈥� he wrote.

Public was founded in 2019 as a platform for fractional investing in stocks, competing with and other trading apps that became hugely popular with retail investors in recent years.聽

Last year, Public added crypto investing. The Otis acquisition gives Public users another option to diversify their portfolios, Abraham said.聽

鈥淗istorically, the opportunities to diversify with alternative investments have been limited to a small pool of investors. They are often locked behind exclusive art galleries and connections to other collectors, in addition to commanding price tags that are out of reach for the average investor,鈥� he wrote. 鈥淭urning these physical assets into fractional investable securities has been the great unlock of the past few years, and it has, in turn, created a whole new asset class for people to consider.鈥�

Examples of assets that users have purchased on New York-based Otis鈥� platform include part ownership in a Banksy painting, a pair of sneakers worn by , and trading cards of and , he said.

Illustration: