GREENWICH, Conn., February 11, 2022 /PRNewswire/ — One River Digital Asset Management is pleased to announce the creation of ONE Digital SMA, a separately managed account powered by Coinbase Prime technology. This integrated offering breaks new ground in delivering digital investment strategies and services, while offering a first glimpse into the future of asset management in a financial system transitioning to a blockchain-enabled infrastructure. ONE Digital SMA is available today for Institutionals, and eventually for Wealth Management.
A digital SMA provides institutional-grade digital investment strategies directly to a Coinbase Prime account. One River Digital and Coinbase Prime worked together, mapping investment processes, operational workflows, security requirements, permissions, and seamless API integrations. In collaboration, Coinbase Prime and One River Digital combine the benefits of Prime’s leading trading and custody platform for digital assets, backed by the largest public cryptocurrency exchange, with the institutional trust manager that executed the first major institutional allocation to digital assets.1.
A Coinbase Prime user can now access an institutional index and active strategies through ONE Digital SMA, while retaining direct ownership of their digital assets. Direct ownership of digital assets in a client’s Coinbase Prime account is critical as it allows investors to achieve optimal transparency, security, and cost. Additionally, it can help maximize future yield potential by enabling value-added services, such as staking.
Registered investment advisers and private wealth management platforms have demanded digital market access, research insights and prime investment opportunities. At the same time, they need to integrate these new investments into their existing accounting platforms and systems. A Digital ADM will provide integrated market access and investment opportunities for wealth management companies. Financial advisors will be able to securely manage a growing proportion of their clients’ assets, especially as the tokenization of assets accelerates. These clients will benefit from market-leading institutional-grade investment access, custody and management.
“As asset owners continue to move from digital research to digital implementation in 2022, we are seeing many customers prefer to own digital assets in their own separate account,” said Brett Tejpaul, Head of Coinbase. institutional. “These asset owners also want the same quality of investment management services that they are used to in traditional investments. A digital SMA is the best of both worlds – it offers market-leading access and secure custody through Coinbase Prime and One River Digital’s institutional-grade investment products and services. We are delighted to once again partner with One River Digital to meet the changing needs of our customers.”
“Leveraging Coinbase Prime technology to deliver A digital SMA has led us to push the boundaries of the best possible user experience,” said Jasmine Burgess, Chief Operating Officer and Chief Risk Officer of One River Digital. “Clients were previously unable to access actively managed investment services within their Coinbase account, including something as simple as staking. By carefully understanding each of our technical environments, we can provide managed accounts with institutional security and full real-time transparency – ushering in a new era for all SMAs beyond just crypto underlyings. We are excited to innovate with A digital SMAin partnership with Coinbase Prime.”
“We’ve seen that clients are increasingly looking for high-quality, diversified exposure that moves with the market – and they need it integrated into their Prime platforms,” said Sebastien Bea, President of One River Digital. “One River Digital and Coinbase Prime have gone into action, and the resulting investment strategies are now available to institutional investors.”
“ONE Digital SMA is fundamental to how investment strategies and services will be delivered to institutions and private wealth platforms in the future,” said Eric PetersCEO and CIO of A river. “Blockchain technologies enable much more efficient trading and settlement, which will push the financial system to tokenize the majority of real and financial assets. Traditional asset management products and services will increasingly be provided in Customer-owned digital wallets, mixed funds, mutual funds, and even ETFs, will eventually become obsolete,” Peters explained.A river is building the technologies, infrastructure and partnerships needed to accelerate the path to that brighter future.”
1: Link to Coinbase/River case study to November 2020 investment in digital assets: https://assets.ctfassets.net/c5bd0wqjc7v0/5xWtlLnibS4b1kl7XV4QZn/70da9e609083151fb10f634a8626d6f7/Coinbase-Institutional-One-River-Case-Study-Jan-2021.pdf
About One River Digital Asset Management:
One River Digital Asset Management is a leading asset manager in the emerging digital asset industry, with bespoke investment funds and strategies designed to meet the unique needs of its institutional clients worldwide. The firm is a subsidiary of One River Asset Management, an innovative investment manager dedicated to delivering high-conviction absolute return strategies that seeks to help its clients build superior portfolios. He sees the world in a time of major economic, political and political transition, with an investment landscape changing in ways that will make the next decade look profoundly different from the decade before. Its strategies are designed to take advantage of this dynamic environment while providing strong diversification benefits to traditional investment portfolios. Each is developed and managed by its diverse team of investment professionals with deep expertise in volatility, macro, inflation, digital assets and systematic trading/investing. One River manages approximately $2.5 billion in institutional assets. The company is headquartered in Greenwich, CT and was founded in 2013.
We are building the cryptoeconomy – a fairer, accessible, efficient and transparent financial system enabled by crypto. We started in 2012 with the radical idea that anyone, anywhere should be able to send and receive Bitcoin easily and securely. Today, we offer a reliable and easy-to-use platform for accessing the wider cryptoeconomy. Customers around the world are discovering and starting their journey with crypto through Coinbase. Around 73 million verified users, 10,000 institutions, and 185,000 ecosystem partners in over 100 countries trust Coinbase to invest, spend, save, earn, and use crypto easily and securely.
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SOURCE One River Digital Asset Management