One River Unveils New SMA Offering Alongside Coinbase

One River unveils new SMA offering alongside Coinbase after it partnered with the crypto exchange recently and we read about it in our Coinbase news previously.

The leading US-based exchange Coinbase, partnered with One River Digital Asset Management on an SMA offering for wealth management firms. In a press release, One River unveils a new SMA offering for clients of Coinbase Prime. The new offering will enable users with a Coinbase Prime account to maintain ownership of the digital assets while accessing the institutional index and active strategies with One Digital SMA. As per the announcement, there’s an increase in interest from private wealth platforms and registered investment advisors that are looking to offer better crypto exposure and investment opportunities for their clients.

In the meantime, the press release noted that ONE Digital SMA allows financial advisors to securely manage a huge proportion of their client’s assets especially as asset tokenization enhances. These clients will benefit from the market-leading access, custody, and institutional-quality investment management. One River is a branch of the One River Asset Management with over $2 billion in AUM and according to the Chief Operating Officer and Chief Risk Officer Jasmine Burgess:

“By carefully understanding each of our technical environments, we can deliver managed accounts with institutional security and complete transparency in real time – inaugurating a new era for all SMAs beyond simply crypto underlyings. We are excited to break new ground with ONE Digital SMA, in partnership with Coinbase Prime.”

The head of Coinbase institutional Brett Tejpaul said:

“ONE Digital SMA is the best of both worlds – it delivers market-leading access and secure custody via Coinbase Prime and institutional-grade investment products and services from One River Digital. We are thrilled to partner again with One River Digital to meet clients’ evolving needs.”

NEW: Coinbase creates separate account for One River Digital ($2.1B AUM) institutional investors to access crypto

— Jacquelyn Melinek (@jacqmelinek) February 11, 2022

Back in 2021, Coinbase Ventures alongside Liberty Mutual Insurance and financial giant Goldman Sachs got involved in a Series A funding round of One River Digital that raised $41 million. Another crypto exchange Gemini partnered with Bitria and 3iQ to launch digital assets SMA. While the institutional appetite is growing, there are still many concerns about the industry. Security risks associated with the burgeoning industry were the main reason for holding back from investing in crypto and other concerns included volatility and the lack of robust crypto regulatory policies.