Onramp Invest, a digital assets wealth management firm, has partnered with CoinDesk Indices (CDI) to offer financial advisers better tools for creating and customizing portfolios. The collaboration will enable financial advisers to access CDI’s indices through Onramp’s marketplace, providing them with a range of options for clients with different preferences and risk tolerance levels. The CoinDesk Market Select Index (CMIS), CoinDesk DeFi Select Index (DFX), and CoinDesk Currency Select Index (CCYS) will be available on Onramp’s platform. These indices are built on CoinDesk Indices’ Digital Asset Classification Standard (DACS) and designed to measure the market capitalization weighted performance of some of the largest, most liquid digital assets.
Eric Ervin, CEO of Onramp Invest, stated that “Pairing CoinDesk Indices’ market intelligence with Onramp’s flexibility and access provides advisors with unparalleled growth opportunities for clients.” As more traditional finance firms enter the crypto space, financial advisers have been seeking more customizable and sophisticated products to track markets. Andy Baehr, managing director at CoinDesk Indices, said that “CDI’s rules-based methodology for our indices is robust and comprehensive, which we believe provides a real value add.” He added 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. CoinDesk, on the other hand, is a subsidiary of Digital Currency Group.
The partnership between Onramp Invest and CoinDesk Indices is expected to provide financial advisers with better tools for creating and customizing portfolios. The use of CDI’s indices will enable advisers to offer clients a range of options that match their preferences and risk tolerance levels. The indices are built on CoinDesk Indices’ Digital Asset Classification Standard (DACS), which is designed to measure the market capitalization weighted performance of some of the largest, most liquid digital assets.
The CoinDesk Market Select Index (CMIS), CoinDesk DeFi Select Index (DFX), and CoinDesk Currency Select Index (CCYS) will be available on Onramp’s platform. These indices are expected to provide financial advisers with unparalleled growth opportunities for clients. The collaboration between Onramp Invest and CoinDesk Indices comes at a time when more traditional finance firms are entering the crypto space, and financial advisers are seeking more sophisticated products to track markets.
The rules-based methodology for CDI’s indices is robust and comprehensive, providing advisers with a real value add, according to Andy Baehr, managing director at CoinDesk Indices. He added 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’s goal is to connect traditional finance players with digital assets.
In conclusion, the partnership between Onramp Invest and CoinDesk Indices will provide financial advisers with better tools for creating and customizing portfolios. The use of CDI’s indices will enable advisers to offer clients a range of options that match their preferences and risk tolerance levels. This collaboration comes at a time when more traditional finance firms are entering the crypto space, and financial advisers are seeking more sophisticated products to track markets.
