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Liquid launched Co-Invest on Tuesday, a ChatGPT and Claude app the multi-asset trading platform is calling the first to let users fund accounts, analyze markets and execute live trades without leaving the AI assistant. The app supports crypto, equities, FX, Polymarket prediction-market positions and pre-IPO secondaries across more than 500 markets, with deposits via card, on-chain transfer or external wallet, plus stop-loss and take-profit controls set inside the conversation.
Founder and CEO Franklyn Wang framed the bet directly at incumbent brokerages: Robinhood, he said, has no public API outside of crypto, and platforms that earn from payment for order flow and net interest margin have structural reasons to keep users inside their own ecosystem rather than hand them to a more informed AI interface. Liquid itself is non-custodial, routes orders to venues including Hyperliquid, Lighter and Ostium, and has processed more than $3 billion in trading volume across roughly 40,000 users since launching last August.
Why it matters
Co-Invest lands in a suddenly crowded lane. MoonPay shipped a ChatGPT app on Friday that still pushes users out to a checkout link for KYC and payment; OpenAI rolled out personal-finance tools to ChatGPT Pro users via Plaid on May 15; Gemini introduced agentic trading last month that lets AI models connect to exchange accounts via MCP. The competitive question is no longer whether AI assistants become a trading surface, but who controls the confirmation screen the user taps to actually execute.
The regulatory scaffolding is also moving in Liquid's direction. Wang cited recent SEC and CFTC guidance — including the CFTC's no-action letter for Phantom — as supporting the view that Co-Invest does not need to register as a broker or exchange. Co-Invest is available in all 50 U.S. states and most other jurisdictions, though not in sanctioned regions including Iran and North Korea.
Market impact
The funding backdrop gives the launch weight.
Frequently asked questions
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What is Liquid's Co-Invest app and what can users do inside it?
Co-Invest is a ChatGPT and Claude app from Liquid that lets users fund accounts, analyze markets and execute live trades without leaving the AI assistant. It covers crypto, equities, FX, Polymarket positions and pre-IPO secondaries across more than 500 markets, with stop-loss and take-profit controls set inside the…
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How is Co-Invest different from MoonPay's ChatGPT app?
MoonPay's app, launched days earlier, generates a checkout link and redirects users to MoonPay's site to complete KYC and payment. Co-Invest processes funding, analysis and execution inside the conversation itself rather than pushing users out to an external flow.
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How does Co-Invest handle the risk of an AI model nudging users toward bad trades?
Liquid routes its own data layer — positioning from Hyperliquid and headlines from Google — rather than letting the underlying LLM freelance on market information. The app also never executes a trade autonomously; every order surfaces a confirmation screen the user must tap.
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Does Co-Invest need to register as a broker or exchange?
Liquid is non-custodial, routes orders to third-party venues including Hyperliquid, Lighter and Ostium, and founder Franklyn Wang cited recent SEC and CFTC guidance — including the CFTC's no-action letter for Phantom — as supporting the view that no broker or exchange registration is required.
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What is Liquid's traction and funding to date?
Liquid says it has processed more than $3 billion in trading volume across roughly 40,000 users since launching last August. The company closed an $18 million Series Seed extension in April co-led by Left Lane Capital and Neo, bringing total funding to about $25.6 million, with backers including Paradigm, General…
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