Futureproof is Goobit's upcoming investment product, where bitcoin, gold and bonds are automatically rebalanced based on the customer's risk profile. Gustav Buder, CEO of Goobit, explains how it works, with a launch planned for the fourth quarter.
Gustav Buder, CEO of Goobit, presented the savings platform Futureproof at an investor webinar last week. The platform is designed to combine bitcoin, gold and an interest-bearing component in a single portfolio with automatic rebalancing. Buder took over the role on 15 August, and the company is still waiting for a decision in its appeal over the MiCA application that was rejected in July. Futureproof is being financed through a rights issue, with the subscription period that began on 22 October running until 5 November and expected to bring Goobit around SEK 25.1 million before issue costs. Kaupr interviewed Buder about Futureproof in a video interview in September.
Customers choose between three fixed allocations — cautious, balanced and growth — and none of them is pre-selected or recommended by Goobit. Cautious has a target weight of 15 percent bitcoin, 25 percent gold and 60 percent interest-bearing assets. Balanced splits evenly between bitcoin and gold at 30 percent each, with 40 percent interest-bearing. Growth weights most heavily toward bitcoin, at 45 percent bitcoin, 30 percent gold and 25 percent interest-bearing.
Each asset class also has a permitted deviation from its target weight — that is, how far the share can move up or down before the platform reacts. In the balanced allocation, the bitcoin share can, for example, move between 19 and 41 percent of the portfolio before the platform flags a rebalancing. If the share moves outside that range, Futureproof proposes a rebalancing back to the target weight — but the customer must approve every change themselves.
The point, according to Buder, is that the customer doesn't have to decide when to buy and sell. "That has been the guiding idea here: to dampen the volatility of bitcoin as an asset, so it becomes easier for people to allocate to it regardless of what day or year it is," he says.
The models are based on nearly 5,000 daily prices for the three asset classes over the past 13 years, according to Buder. For the balanced allocation, he cites a median return of around 25 percent over a three-year period, with a typical maximum drawdown smaller than the average annual return itself. The figures are Goobit's own calculations and have not been independently verified.
In Futureproof, customers own the underlying assets directly — bitcoin, gold and the interest-bearing component. Buder says he did not want to use an ETP model, where the investor instead owns a security that tracks the price. "We want to be a provider that lets people own as much as possible of the asset itself, one to one, without letting too many intermediaries take their cut," he says, comparing it to the difference between owning a property directly and owning shares in a property company.
At last week's investor webinar, Buder said he does not rule out a two-part solution further down the line, where customers own the underlying asset directly but can choose to place part of the portfolio in a capital-insurance or ISK-like structure (ISK being a Swedish tax-advantaged investment account). That has not yet been decided.
The pricing structure has not yet been published, but Buder says the ambition is to position Futureproof as a cheaper alternative to traditional fund and equity savings, not as a niche product for crypto enthusiasts. He points out that robo-advisors like Lysa have more than 200,000 customers and over SEK 50 billion in assets under management in Sweden, yet still account for under one percent of the total fund-savings market — and that none of those funds currently offer exposure to bitcoin or other crypto assets.
The bitcoin transactions themselves run through the Finnish, MiCA-regulated company Kvarn X, while Goobit is also in talks with two Swedish banks about the interest-bearing portion of the portfolio. The company has more than 400 people on its waiting list, and plans to admit its first beta customers within a few weeks, with a broader launch in the fourth quarter. Buder says the ambition is to keep scaling through 2027, and that the company does not rule out expanding Futureproof to more European markets over time.
The launch is being financed by the rights issue that began on 22 October. The net proceeds are earmarked primarily for product development and the launch of Futureproof, the regulatory work on the MiCA application, market establishment and working capital during the launch phase. Subscription commitments and a guarantee from Vator Securities are expected to cover the full issue amount.
Sources: Goobit Group, Kaupr
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