GREENWICH, Conn., Feb. 11, 2022 /PRNewswire/ — One River Digital Asset Administration is happy to announce the creation of ONE Digital SMA, a individually managed account powered by Coinbase Prime expertise. This built-in providing breaks new floor within the supply of digital funding methods and providers, whereas offering an early take a look at the way forward for asset administration in a monetary system transitioning to blockchain-enabled infrastructure. ONE Digital SMA is accessible in the present day for Establishments, and in time, for Wealth Administration.
ONE Digital SMA delivers institutional-quality digital funding methods on to a Coinbase Prime account. One River Digital and Coinbase Prime labored collectively, mapping funding processes, operational workflows, safety necessities, permissions and seamless API integrations. In collaboration, Coinbase Prime and One River Digital mix the advantages of the main Prime buying and selling and custody platform for digital property, backed by the biggest public cryptocurrency change, with the institutional fiduciary supervisor that executed the primary giant institutional allocation to digital property1.
A Coinbase Prime person can now entry an institutional index and lively methods by ONE Digital SMA, all of the whereas retaining direct possession of their digital property. Direct possession of digital property in a buyer’s Coinbase Prime account is essential because it permits traders to realize optimum transparency, safety, and price. Additional, it might probably assist maximize future return potential by enabling value-added providers, equivalent to staking.
Registered funding advisors and personal wealth platforms have been asking for best-in-class digital market entry, analysis views, and funding alternatives. On the similar time, they should combine these new investments into their present platforms and accounting techniques. ONE Digital SMA will ship built-in market entry and funding alternatives for Wealth Administration companies. Monetary advisors will be capable of securely handle an more and more bigger proportion of their shoppers’ property, particularly as asset tokenization accelerates. These shoppers will profit from market-leading entry, custody, and institutional-quality funding administration.
“As asset house owners proceed to maneuver from digital analysis in direction of digital implementation in 2022, we’re discovering that many consumers choose to personal digital property in their very own segregated account,” mentioned Brett Tejpaul, Head of Coinbase Institutional. “These asset house owners additionally need the identical high quality of funding administration providers that they’re accustomed to in conventional investments. ONE Digital SMA is one of the best of each worlds – it delivers market-leading entry and safe custody through Coinbase Prime and institutional grade funding services from One River Digital. We’re thrilled to companion once more with One River Digital to satisfy shoppers’ evolving wants.”
“Constructing on prime of the Coinbase Prime expertise to ship ONE Digital SMA led us to push boundaries on the very best person expertise,” mentioned Jasmine Burgess, Chief Working Officer, and Chief Danger Officer of One River Digital. “Purchasers had been beforehand unable to entry actively managed funding providers of their Coinbase account, together with one thing so simple as staking. By fastidiously understanding every of our technical environments, we are able to ship managed accounts with institutional safety and full transparency in actual time – inaugurating a brand new period for all SMAs past merely crypto underlyings. We’re excited to interrupt new floor with ONE Digital SMA, in partnership with Coinbase Prime.”
“We discovered that shoppers are more and more searching for high-quality, diversified publicity that evolves with the market – and so they want it built-in of their Prime platforms,” mentioned Sebastian Bea, President of One River Digital. “One River Digital and Coinbase Prime leapt into motion, and the ensuing funding methods are actually out there for institutional traders. ”
“ONE Digital SMA is key to how funding methods and providers shall be delivered to establishments and personal wealth platforms sooner or later,” mentioned Eric Peters, CEO and CIO of One River. “Blockchain applied sciences permit vastly extra environment friendly buying and selling and settlement, and this may push the monetary system to tokenize the vast majority of actual and monetary property. Conventional asset administration services will more and more be delivered in client-owned digital wallets. Commingled funds, mutual funds, and even ETFs, will in the end turn out to be out of date,” defined Peters. “One River is constructing the applied sciences, infrastructure and partnerships essential to speed up the trail in direction of this higher future.”
1: Hyperlink to Coinbase/One River Case Research on November 2020 funding in digital property: https://assets.ctfassets.net/c5bd0wqjc7v0/5xWtlLnibS4b1kl7XV4QZn/70da9e609083151fb10f634a8626d6f7/Coinbase-Institutional-One-River-Case-Study-Jan-2021.pdf
About One River Digital Asset Administration:
One River Digital Asset Administration is a number one asset supervisor within the rising digital asset trade, with funding funds and bespoke methods constructed to satisfy the distinctive wants of its institutional shoppers across the globe. The agency is a subsidiary of One River Asset Administration, an modern funding supervisor devoted to delivering high-conviction absolute-return methods that seeks to assist its shoppers construct superior portfolios. It sees the world in a interval of main financial, coverage and political transition, with the funding panorama shifting in methods that can make the approaching decade look profoundly completely different from the previous decade. Its methods are constructed to revenue from this dynamic setting whereas offering robust diversification advantages to conventional funding portfolios. Every is developed and managed by its various staff of funding professionals with deep experience in volatility, macro, inflation, digital asset and systematic buying and selling/investing. One River manages roughly $2.5bln in institutional property. The agency is headquartered in Greenwich, CT and was based in 2013.
We’re constructing the cryptoeconomy – a extra honest, accessible, environment friendly, and clear monetary system enabled by crypto. We began in 2012 with the unconventional concept that anybody, anyplace, ought to be capable of simply and securely ship and obtain Bitcoin. At this time, we provide a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Prospects all over the world uncover and start their journeys with crypto by Coinbase. Roughly 73 million verified customers, 10,000 establishments, and 185,000 ecosystem companions in over 100 international locations belief Coinbase to simply and securely make investments, spend, save, earn, and use crypto.
SOURCE One River Digital Asset Administration