Gemini and Crypto Investing Platform Blockchange Collab on RIA Trading & Custody Services
- Gemini crypto exchange collaborates with Blockchange Inc. to offer trading and vault solutions to the registered investment advisors (RIA).
- The RIA will be able to securely manage their clients’ portfolios focused on digital assets. The Quantum Capital management will onboard as their first client
News has now emerged that the Gemini crypto exchange will extend trading and vault services to the registered investment advisors (RIA). The announcement was made today via their official twitter page.
The Winklevoss-led crypto exchange has unveiled a strategic partnership with the digital asset investment platform, Blockchange Inc. This is a platform that offers wealth managers, and advisors access to manage their clients’ entire portfolios easily. The collaboration will integrate Blockchange’s BITRIA professional-grade portfolio management capabilities with Gemini’s vast exchange solution.
According to Dan Eyre, Blockchange’s CEO, Gemini, was the perfect partner for the solution due to their status as the only qualified exchange assets custodial providers. This ensures that only the custodian retains the clients’ funds, which has been stipulated as a prerequisite to utilize the RIA solution.
Gemini COO, Noah Pearlman, reiterated that developing investor solutions with requirements and input from wealth managers and advisors could only work to encourage other investors to onboard the vast digital assets network.
Notably, the wealth management group, Quantum Capital Management, is the first institutional client to onboard the solution. They boast of having at least $125 Million in assets under their administration. This will give their clients ease as they look to broaden their customer’s portfolios with more popular digital assets coming up and available on the Gemini crypto exchange.
The Quantum CIO Howard Aschwald has highlighted the significance of risk-adjusted returns, and the potential of digital assets could not be ignored further. Adding that they owed their clients the very least a small allotment. Despite weighing some of their options: Hedge funds, Investment trusts, and index funds, they concluded that the Gemini solution was the most flexible and best suited to fulfill their needs.
“It allows us to implement, at scale, our Digital Asset Management Strategy improving liquidity and control over risk management.”
Impressively, the crypto exchange recently extended support for three additional fiat currencies. They now feature the Canadian Dollar, Australian Dollar, and Hong Kong dollar on their platform as they seemingly look to expand their global presence, particularly into the Asia Pacific region.