Steaker has raised US$1 million seed funding

Steaker, a Taiwanese crypto asset management platform, has raised US$1 million seed funding from individual investors.

A notable investor is Jeffrey Huang (Machi Big Brother), a Taiwanese-American music, entertainment and technology industry leader and founder of both MITH and 17LIVE.

Founded in 2019 by Wilson Huang (CEO), Steaker has grown its asset under management (AUM) to over US$50 million.

Huang remarked that investment opportunities presented by the blockchain and crypto space should not be exclusive to the elite.

Therefore, Steaker distinguishes itself from conventional crypto management platforms by catering to the needs of younger and less knowledgeable investors.

On Steaker, users can choose from five types of investment options with different risk profiles and return characteristics, backed by strategies from stablecoin lending, DeFi yield farming, to algorithm-driven arbitrage.

In the future, Huang hopes to add more decentralised features to the platform while maintaining its convenience for non-crypto users.