Coinbase joins hands with the OneRiver to bring an exclusive institutional platform

The American crypto exchange platform Coinbase and One River Digital Assessment Management have formed a partnership 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 suite of digital investment strategies and indexes in an easy-to-use separately managed account platform,” as described in the official blog post.

The feature will be available only to Coinbase Prime members, a premium subscription service that includes enhanced trading features as well as a custom custody model to protect assets suited to the needs of high-net-worth clients.

Coinbase summarised the feature in its announcement, 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 and its partnerships

Coinbase Ventures was among the three prominent crypto 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 last year, with Liberty Mutual Insurance and banking giant Goldman Sachs.

The goal of the effort was to increase institutional clientele’s exposure to digital assets and their subsequent adoption in the United States and other parts of the world. According to recent figures, One River Asset Management has around $2.3 billion in assets under management (AUM).

The exchange is known for its high-potential partnerships. It recently partnered with Mastercard to provide NFT payments to its clients. 

A few days back, Coinbase also established a partnership with TurboTax to offer U.S. tax refunds directly in cryptocurrency.