Crypto exchange heavyweight Coinbase has reportedly forged an alliance with One River Digital Assessment Management, to release a platform catering to institutional-grade wealth managers. 

Specifically, Coinbase reportedly revealed that its new platform – dubbed “ONE Digital SMA” – will reportedly offer exposure to “a suite of digital investment strategies and indexes in an easy-to-use separately managed account platform.”

This newly developed feature will reportedly be available to Coinbase Prime users only, a premium subscription service offering enhanced trading capabilities, and a bespoke custody model to provide safeguarding for assets particularly customized for the niche requirements of people with a high net-worth income. 

“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 further remarked in its announcement. 

Coinbase Ventures were reportedly among the three crypto entities, together with Liberty Mutual Insurance and banking heavyweight Goldman Sachs, to make investments in the $41 million Series A fundraising of crypto hedge fund One River Digital – a subsidiary of One River Asset Management – in September last year.

The project reportedly aims to work towards a goal of improving the exposure and subsequent adoption of the digital asset sphere, within institutional demographics based in America and different other territories. 

Recent valuations calculate that One River Asset Management holds in the region of $2.3 billion in assets-under-management (AUM).