2 - 4 minute read
Crypto Wealth Manager Onramp has teamed up with CoinDesk Indices to provide financial advisers with better tools for creating customized portfolios. With this collaboration, advisers will be able to access CoinDesk Indices’ market intelligence through Onramp’s marketplace, enabling them to offer a range of options tailored to clients’ diverse preferences and risk tolerance levels.
Onramp’s CEO, Eric Ervin, expressed optimism around the partnership, stating that “pairing CoinDesk Indices’ market intelligence with Onramp’s flexibility and access provides advisors with unparalleled growth opportunities for clients.”
Onramp’s platform will offer three indices from CoinDesk: the CoinDesk Market Select Index (CMIS), the CoinDesk Defi Select Index (DFX), and the CoinDesk Currency Select Index (CCYS). These indices are built on CoinDesk’s Digital Asset Classification Standard (DACS) and designed to measure the performance of the largest and most liquid digital assets in the market.
The trend of traditional finance firms venturing into crypto has fueled the demand for customizable and sophisticated products to track markets. As such, Onramp’s collaboration with CoinDesk Indices is poised to leverage its robust and comprehensive rules-based methodology to create customized solutions for clients.
When commenting on the partnership, CoinDesk Indices’ managing director, Andy Baehr, stated that “advisers using Onramp’s Marketplace will be able to use CDI indices as building blocks for developing customized solutions for their clients.”
Onramp Invest raised $7 million in a series A funding round last year, led by JAM Fintop and EJF Capital. The company aims to connect traditional finance players with digital assets.
The Bottom Line
Onramp’s partnership with CoinDesk Indices seeks to provide financial advisers with better tools for creating customized portfolios. As more traditional finance firms venture into crypto, this collaboration offers enhanced flexibility and access to market intelligence. Advisers using Onramp’s marketplace will be able to use CoinDesk indices as building blocks for developing customized solutions for their clients. This partnership highlights the opportunities within the digital asset market and will undoubtedly change the investment landscape.
