Hedge funds continue to look to Coinbase for innovative portfolio solutions

Coinbase was selected as a full service partner and custodian by One River Asset Management

Read more here about One River’s historic digital asset allocation and the fund’s journey to diversifying its portfolio.

To read One River’s The Case For Digital Assets click here.

By Brett Tejpaul, Head of Institutional Sales, Trading, Custody and Prime Services

Coinbase Institutional is an integrated solution that marries our custody, advanced trading platform, and prime services. Our unified investing experience has the tools sophisticated investors need to execute large and complex trades, complemented by a diverse pool of liquidity. Working on an agency basis helps us assure clients like One River that our interests are aligned as we seek to find the best prices available in the market. Once trading is complete, Coinbase Custody is one of the safest places to store digital assets, which are segregated and held in trust for the benefit of our clients.

One River was looking for a prime brokerage solution for a large transaction — a firm with enough institutional expertise to complete a transaction at scale without affecting the market price and then secure its digital asset position as custodian. After carefully evaluating multiple providers, One River chose Coinbase Institutional as its primary provider of execution and custody services to get this transaction over the line.

“The controls offered by Coinbase met our rigorous operational and compliance standards,” said Ian Malloch, Chief Operating Officer and Chief Risk Officer of One River Asset Management.

One River worked with Coinbase to invest an undisclosed amount in digital assets, resulting in one of the largest digital asset trades in history. The initial trades were completed over the course of five days and executed at different speeds to work through varying market conditions.

“The Coinbase institutional team provided exactly what we needed to execute this transaction discreetly,” said Eric Peters, CIO of One River. “We couldn’t have asked for a better partner on this transaction.”

To learn more about Coinbase Prime Broker or Coinbase’s white label brokerage services, custody, or OTC trading, click here.

Hedge funds continue to look to Coinbase for innovative portfolio solutions was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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