2 years ago
Cryptocurrency money manager One River Digital Asset Management has teamed up with U.S. speech Coinbase (COIN) to connection separately managed accounts (SMA), a fashionable alternate to communal funds successful accepted concern wherever affluent investors clasp assets straight and usage an outer plus manager.
Announced Friday successful a blog post, clients of Coinbase Prime tin usage the ONE Digital SMA to avail themselves of One River’s trading expertise portion holding each their assets connected the Prime level oregon successful Coinbase Custody.
Coinbase Prime clients similar to ain integer assets successful their ain segregated account, but besides privation the aforesaid prime of concern absorption services that they are accustomed to successful accepted investments, according to Brett Tejpaul, caput of Coinbase Institutional.
“ONE Digital SMA is the champion of some worlds,” Tejpaul said successful a statement. “It delivers market-leading entree and unafraid custody via Coinbase Prime and organization people concern products and services from One River Digital.”
Coinbase is not the archetypal speech to connection SMAs. Late past year, New York City-based crypto speech Gemini teamed up with 3iQ Digital Assets and integer plus manager Bitria to connection investors a caller integer plus SMA platform. Gemini aboriginal acquired Bitria.
Coinbase was an capitalist successful a $41 cardinal Series A funding round for One River Digital, a cryptocurrency-focused subsidiary of One River Asset Management, a Greenwich, Connecticut-based concern steadfast that manages astir $2.5 cardinal of organization assets.
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Ian Allison is simply a elder newsman astatine CoinDesk.
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