You aren’t trusting Abra with your money. With Abra you are holding your own assets in the form of crypto collateralized contracts. Abra is a non-custodial wallet, which means we don’t hold your funds, they exist on your individual device (phone or tablet) and are accounted for on the Bitcoin blockchain.
While we are offering new features in the form of exposure to traditional stocks, commodities, and ETFs (and more investment opportunities are on the way), we have been using the underlying crypto-collateralized contract model for years to secure transactions around the world.
When you make an initial deposit from your bank account into Abra, Abra works with regulated exchanges around the world to convert your fiat into crypto, i.e. bitcoin, and then moves the crypto immediately to your wallet which then gets inserted into your investment contract.
To date, we are able to account for every single decimal point of value ever traded through Abra.