One River Digital Asset Management Unveils New SMA Offering With Coinbase

Coinbase

One River Digital Asset Management has partnered with US cryptocurrency exchange giant Coinbase to offer a separately managed account (SMA) platform for wealth management firms.

ONE Digital SMA for Crypto Exposure

In a press release published on Friday (February 11, 2022), One River Digital launched the ONE Digital SMA for clients of Coinbase Prime. The new offering will enable users with a Coinbase Prime account to maintain ownership of their digital assets while also accessing an institutional index and active strategies via ONE Digital SMA.

According to the announcement, there has been increased interest from private wealth management platforms and registered investment advisers looking to provide greater crypto exposure and investment opportunities to their clients.

Meanwhile, the press release noted that with the ONE Digital SMA, “financial advisors will be able to securely manage an increasingly larger proportion of their clients’ assets, especially as asset tokenization accelerates. These clients will benefit from market-leading access, custody, and institutional-quality investment management.”

One River Digital is the crypto subsidiary of One River Asset Management, an investment manager with over $2 billion in assets under management (AUM). According to Jasmine Burgess, Chief Operating Officer and Chief Risk Officer of One River Digital:

“By carefully understanding each of our technical environments, we can deliver managed accounts with institutional security and complete transparency in real time – inaugurating a new era for all SMAs beyond simply crypto underlyings. We are excited to break new ground with ONE Digital SMA, in partnership with Coinbase Prime.”

Big players remain cautious in the crypto market

Coinbase Institutional head Brett Tejpaul also commented on the new service, saying:

“ONE Digital SMA is the best of both worlds – it delivers market-leading access and secure custody via Coinbase Prime and institutional grade investment products and services from One River Digital. We are thrilled to partner again with One River Digital to meet clients’ evolving needs.”

In September 2021, Coinbase Ventures, along with Liberty Mutual Insurance and financial giant Goldman Sachs, was involved in a Series A funding round from One River Digital that raised $41 million.

Another cryptocurrency exchange, Gemini, partnered with Bitria and the US subsidiary of one of Canada’s largest digital assets fund manager 3iQ, to launch a new digital assets SMA.

As the institutional appetite for cryptocurrency continues to grow, there are still concerns about the industry. As previously reported by CryptoPotato Back in January, security risks associated with the booming industry were the top reason to refrain from investing in crypto. Other concerns included volatility and the lack of robust crypto regulatory policies.

admin

Read Previous

Ethereum Fees Have Not Been This Cheap Since October of 2021

Read Next

Popular Trading App Robinhood’s Global Expansion Will Be ‘Crypto First’

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon