Coinbase partners with OneRiver to roll out new institutional platform

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Cryptocurrency alternate Coinbase has penned a partnership settlement with One River Digital Evaluation Administration to supply institutional-grade wealth managers with an unique platform to accumulate digital asset investments and interact in associated actions.

Detailed in an official weblog put up, Coinbase claimed that the creation of the ONE Digital SMA will grant publicity to “a set of digital funding methods and indexes in an easy-to-use individually managed account platform.”

The operate will probably be solely accessible to Coinbase Prime customers, a premium subscription service providing enhanced buying and selling capabilities, and a bespoke custody mannequin to guard property tailor-made for the area of interest necessities of excessive net-worth people. 

Within the announcement, Coinbase summarized the service by saying:

“ONE Digital SMA is an answer for wealth managers that need to give purchasers entry to crypto via direct possession of property, full transparency and the power to optimize future returns via value-added companies, like staking.”

Associated: One River Digital raises $41M from Goldman Sachs and Coinbase

Coinbase Ventures were one of three cryptocurrency firms alongside Liberty Mutual Insurance and banking titan Goldman Sachs, to invest in the $41 million Series A funding raise of crypto hedge fund One River Digital — a subsidiary of One River Asset Management — in September 2021.

The initiative sought to enhance the exposure and subsequent adoption of the digital asset space among institutional clientele in the United States and wider regions. Recent valuations calculate that One River Asset Management holds in the region of $2.3 billion in assets-under-management (AUM).