The separately managed account will be available only to Coinbase Prime subscribers and will be geared toward institutional investors.
Exchange of cryptocurrencies Coinbase and One River Digital Assessment Management have formed a relationship to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in associated activities.
Coinbase claims that the ONE Digital SMA would provide access to “a range of digital investing strategies and indices on an easy-to-use separately managed account platform,” as detailed in an official blog post.
The feature will be available only to Coinbase Prime subscribers, a premium subscription service that includes increased trading capabilities as well as a custom custody mechanism to protect assets suited to the needs of high-net-worth clients.
Coinbase summarised the service in its announcement, saying:
“ONE Digital SMA is a solution for wealth managers who wish to provide direct ownership of assets, total transparency, and the possibility to optimise future returns through value-added services like staking to their customers.”
Coinbase Ventures was one of three cryptocurrency firms to invest in the $41 million Series A fundraising raise of crypto hedge fund One River Digital — a subsidiary of One River Asset Management — in September 2021, with Liberty Mutual Insurance and banking heavyweight Goldman Sachs.
The goal of the programme was to increase institutional clientele’s exposure to, and eventual acceptance of, the digital asset space in the United States and other parts of the world. According to recent estimates, One River Asset Management has around $2.3 billion in assets under management (AUM).
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.