Ulys Launches AI Investing App Built on Tokenised Assets
The app turns a plain-language prompt into a basket of tokenised stocks, ETFs, gold and crypto held in the user's own wallet. There is no broker behind it, and Ulys is not registered as one.
Ulys, a New York AI investing app, opened to the public on the App Store on 10 November 2026 with a version that turns a single written sentence into an investment portfolio. A user describes a theme or a belief, and the app researches it, assembles a basket of tokenised stocks, ETFs, gold and crypto, shows its reasoning and sources for every pick, and places a trade only once the user approves.
What the launch material leaves vague is what the user is actually buying, and who stands behind it. FinanceX put those questions to Ulys before the embargo lifted. The answers reframe the product: Ulys is a non-custodial crypto wallet with an AI layer, the "stocks" and "ETFs" are tokens that track those assets rather than the securities themselves, and no registered broker sits in the middle of a trade.
What does Ulys actually do?
A user types a theme, the release's own example being cybersecurity firms that stand to gain from a wave of software vulnerabilities, and gets back a researched, ready-to-buy basket in under a minute, then reshapes it in chat ("drop that one, add more of this") before approving. Four capabilities sit behind that: Ideas builds the basket from a theme with its sources attached; Research on demand answers why an asset moved; Smart Orders lets an order wait for a price or a real-world trigger, such as the market-implied odds of a Federal Reserve rate decision; and Proactive updates track each basket's themes and surface earnings, news and suggested moves for the user to approve. Coverage runs across stocks, ETFs, gold and crypto from one account, around the clock where available.
Users sign in with Apple, Google or email and fund with a debit card, Apple Pay or crypto.
Are you buying real shares?
No. Ulys told FinanceX that stocks and ETFs reach the app as tokens on public blockchains that track the underlying asset, and that the user holds the token in their own wallet, with the rights it carries depending on the issuer's terms. The company says it does not issue, list or sell any of them and does not pick issuers; it supports those available to users on the chains it works with, namely Bitcoin, Ethereum, Base, Solana and Robinhood Chain.
That places Ulys inside tokenised real-world assets, a category that moved from experiment to shipping product across 2025 and 2026. Trust Wallet and MetaMask both added more than 100 tokenised US stocks and ETFs through Ondo Finance, and Robinhood launched stock tokens for European users on its own Robinhood Chain. Ulys's contribution to that field is the natural-language, AI-assembled basket layered on top.
The caveat for readers is structural. A tokenised equity is only as sound as the issuer behind it: issuer risk, custodian risk and tax treatment follow the token whoever holds the keys, and the terms vary, with some tokens tracking total return and reflecting dividends in the token rather than paying them out. Ulys supporting Robinhood Chain while its chief executive frames Robinhood as the incumbent to beat is one marker of how young and fluid the category still is.
Who holds your money, and who is accountable?
The user does. Ulys told FinanceX it is non-custodial software: users hold their own wallet, the company never holds their funds, and a user can export their private key and use the wallet without Ulys at all. Trades execute on-chain through third-party protocols, so Ulys says it is never a party to a trade. It states plainly that it is not a broker-dealer, exchange or investment adviser, and is not registered as any of them; regulated steps such as debit-card and Apple Pay funding are handled by licensed third parties.
For finance professionals, that structure is the story. It strips out the account-opening friction Ulys is pitching against, and in the same move it strips out the protections a registered broker carries: no brokerage intermediary stands behind the trade, and self-custody puts key management on the user, even with no seed phrase to handle. Availability varies by location, and tokenised-equity access still runs into regulatory limits in several markets.
Is Ulys giving you investment advice?
No, by design. The company says its AI is built to help users reach their own decisions rather than to advise them: the user describes what they want, the AI researches and proposes a basket, and the user edits it and approves every trade, including the proactive suggestions. Users set the AI's goals, rules and choice of model. Ulys's terms state that the AI's output is informational, is not investment advice and can be wrong. On accountability, the company frames a request to the AI as an extension of the user's own intent, so the user owns the decision and the trade, and positions its own job as making a bad read easy to catch before any money moves.
How good is the AI, and what happens when it gets something wrong?
The intelligence is bought in, and the safeguards sit around it. Ulys told FinanceX it runs third-party models from OpenAI, Anthropic and Google, with the user choosing which to use. It does not build or train its own models; its work goes into the harness, tooling and interface that focus those models on investing, trading and finance. To make a wrong read easier to spot, every pick shows its reasoning and sources. The AI is kept out of the execution path, so trades run through conventional code and nothing executes without user approval, and the company says it tests each new version against real conversations and reviews the results by hand.
The honest reading for an investor is that research quality rests on models Ulys does not control, and the company's answer to that is transparency on every pick and a human approval gate on every trade, rather than a promise that the AI will not err.
How big is Ulys, and who is backing it?
Early, and crypto-backed. Ulys has raised $17m in total, with its most recent round, $4m in June 2026, led by Streamlined Ventures and joined by Tom Lee of Fundstrat and BitMine, and by XBTO Ventures. The company would not give absolute usage figures before launch, saying only that weekly active users of its AI have risen by more than half since early October, and that there is no platform-wide asset total to report because holdings sit in users' own wallets. Founder and chief executive Hugo Renaudin is a crypto-native operator who previously built an institutional digital-asset exchange and a Web3 token platform, a background visible in the product's on-chain design.
Ulys is live on the App Store in the United States and more than 100 other countries, with features and assets varying by market. It is not available in the United Kingdom.
Why this matters to FinanceX readers
The pitch, type a sentence and own a portfolio, is the easy part to grasp; the structure beneath it is what deserves a second look. Ulys is routing retail investors into tokenised equities through a self-custodial wallet, with no broker and no registration, and layering bought-in AI on top. That combination lowers the barrier to building a themed position and, in the same step, hands the user the issuer risk, the custody and the final call. For anyone tracking where AI meets tokenised markets,
Ulys is a clean test of whether "describe it and own it" can win trust without the guardrails investors are used to. Two things are worth watching after launch: real usage numbers once the company shares them, and whether regulators in the markets Ulys has entered accept its reading of non-custodial software.
