Coinbase Partners With OneRiver To Roll Out New Platform

Coinbase, a Cryptocurrency exchange has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in related activities.

iexclusive News Nigeria reports that according to Coinbase’s official blog post, the creation of the ONE Digital SMA will provide access to “a suite of digital investment strategies and indexes in an easy-to-use separately managed account platform.”

The function will be available only to Coinbase Prime users, a premium subscription service that provides enhanced trading capabilities as well as a bespoke custody model to protect assets tailored to the specific needs of high-net-worth individuals.

In the announcement, Coinbase summarized the service by saying:

“ONE Digital SMA is a solution for wealth managers that want to give clients access to crypto through direct ownership of assets, complete transparency and the ability to optimize future returns through value-added services, like staking.”

Coinbase Ventures, along with Liberty Mutual Insurance and banking titan Goldman Sachs, were among three cryptocurrency firms 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 aimed to increase exposure and subsequent adoption of the digital asset space among institutional clients in the United States and other parts of the world. According to recent valuations, One River Asset Management has around $2.3 billion in assets under management (AUM).