Coinbase and GenTwo Digital Partner for Digital Asset Custody and Execution
Cryptocurrency platform Coinbase and digital asset specialist GenTwo Digital have announced a partnership to facilitate custody and execution services for digital assets, aiming to create new investment products.
Coinbase, the publicly-listed cryptocurrency platform, and GenTwo Digital, a subsidiary of GenTwo AG, have entered into a partnership focused on the custody and trading of digital assets. This collaboration aims to expand investment opportunities for professional investors within the digital asset space.
Through GenTwo Digital's securitization platforms, Coinbase's crypto assets can be transformed into bankable financial investment products. This enables financial intermediaries to issue new instruments, such as actively managed certificates. Any financial intermediary can create white-labeled investment products in conjunction with GenTwo Digital.
Lucas A. Ereth, Managing Partner at GenTwo Digital, stated that the partnership provides a secure gateway to crypto assets. Guillaume Chatain, Head of EMEA Institutional Sales at Coinbase, added that this collaboration allows authorized advisors and intermediaries in Switzerland to offer clients access to crypto underlyings via passive and actively managed certificates.
Coinbase Prime offers institutions a comprehensive suite of services, including trading, custody for over 360 assets, financing, and analytics. The products will leverage Coinbase's multi-venue execution platform, with assets held in segregated cold wallets. GenTwo AG and GenTwo Digital specialize in creating innovative financial products and expanding the investment universe for a wider range of asset classes.