Auditing Giant, KPMG & CoinMetrics Launch Service to Monitor Risk for BitGo Institutional Clients

2021-2-19 19:15

Big four auditing giant KPMG and crypto intelligence firm CoinMetrics partnership offers institutional crypto custodian, BitGo, clients a channel to monitor and mitigate risk on public blockchains.

Announced on Thursday, the partnership among the three firms aims to enhance institutional investment in crypto via a “deeply integrated combined offering.” The offering consists of BitGo’s custodial service, Chainalysis data, and intelligence on blockchains and KPMG’s Chain Fusion, which offers crypto asset management tools to institutional investors.

The alliance started in October 2020 when KPMG announced a strategic partnership with CoinMetrics to expand its blockchain product suite. The alliance aims at ensuring the delivery of reliable and accurate data and proprietary analytics to institutional investors.

In the report, CoinMetrics also announced its FARUM business product suite's commercial launch allowing BitGo clients to efficiently mitigate and monitor risks on public blockchains such as Bitcoin. FARUM provides risk management tools that allow identifying and monitoring network attacks, fee volatility risks, and any unusual events on the blockchain.

According to BitGo Chief Revenue Officer Pete Najarian, the alliance is designed to increase institutional adoption of crypto while boosting the safety of funds. He said,

“Through this collaboration, we will be delivering the products and services that our institutional clients have needed to allow broad adoption of digital assets.”

KPMG will integrate its Chain Fusion system, which provides users with a suite of products to manage crypto assets. The data infrastructure also provides institutional investors a simpler way to keep up with reporting, regulations, and compliance.

The new product “marks a significant step forward in uniting the core capabilities” of the firms, Arun Ghosh, Principal and KPMG Head of Blockchain for One Americas, said in a statement. Institutions and banks can now leverage the experience in custody, system integration security, risk, and compliance in a one-stop-shop.

The post Auditing Giant, KPMG & CoinMetrics Launch Service to Monitor Risk for BitGo Institutional Clients first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

institutional bitgo service kpmg offering crypto data

Источник: bitcoinexchangeguide.com

institutional bitgo → Результатов: 57


Harbor acquired by BitGo to include securities capability

BitGo, a provider of blockchain financial services, announced today that it is acquiring Harbor, a platform for digital securities, and its broker-dealer and transfer agent subsidiaries. The acquisition extends BitGo’s capabilities to address a wider class of digital assets for institutional investors and provides a foundation for a full-stack digital assets solution.

2020-2-19 22:29


Bitgo, Crypto Custodial Service, Launches In-Platform Trading For Institutional Clients

It has been a while coming as crypto custodians look for better ways to serve clients on their platforms. With security protocols no longer a competitive advantage in the field, ease of access and management costs are taking shape as the differentiating factors across most crypto custodial services, Bitgo becomes the latest to offer trading […]

2020-2-6 19:44


Фото:

Cryptocurrency Custody Giants Battle For Lions Share of Institutional Market

The acquisition of Xapo by Coinbase has effectively created the largest digital asset custodian in the world, with nearly $8 billion in assets managed. But this has only intensified the competition as custodial stalwart BitGo has announced they will be offering Xapo customers one year of free service with a dedicated account manager and upRead MoreRead More.

2019-8-21 23:00


Shock Survey: 94% of Endowments ALREADY Invested in Crypto Industry

By CCN: While bitcoin bears gleefully proclaim that Wall Street will never embrace crypto, the evidence shows that major institutional investors already have. Survey: 94% of Endowments Have Exposure to Crypto Industry Global Custodian and The TRADE Crypto in partnership with BitGo found in a survey that 94 percent of 150 endowments invested in crypto initiatives in the past year amidst an intense bear market.

2019-4-15 19:05


Фото:

On.Live Is Pleased to Announce That ONL Token Holders Can Now Use Bitgo’s Industry-Leading Wallet and Custodial Offerings

BitGo is the market leader in digital asset financial services providing security, compliance, custodial, liquidity solutions for institutional investors. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of global Bitcoin transactions and $15 billion per month across all cryptocurrencies.

2019-2-15 14:13


Genesis and BitGo Partner to Allows Institutional Crypto Trading Direct From Cold Storage

BitGo, a prominent crypto custodian, is set to unite with Genesis Global Trading, an over the counter (OTC) company, to make institutional players from Wall Street more keen to invest in cryptos. The partnership will let institutional investors store their assets with BitGo and then make trades on the Genesis platform, which will be faster. […]

2019-1-16 19:58


дальше еще 8 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

BitGo Launches a Unique NFT-based Custody Platform

BitGo, the digital security and trust company, has decided to roll out a distinct NFT-powered custody platform. This NFT-based custody platform caters exclusively to US institutions. The idea is to influence, encourage, and propel American institutions to be part of the NFT space and leverage a diverse range of security options.