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Enfusion and Coinbase to Bring Seamless Digital Asset Connectivity to Institutions
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Enfusion, Inc. has partnered with Coinbase Global Inc. to integrate systems for seamless cryptocurrency trading, marking Coinbase's first collaboration with an OEMS provider. This connection will enable financial institutions to view and trade crypto alongside traditional assets using Enfusion's platform. Expected to be completed in Q2 2022, this integration aims to meet rising institutional demand for crypto exposure. Enfusion supports diverse asset classes and has established itself as a leader in investment management software.
Positive
Partnership with Coinbase for OEMS connectivity enhances Enfusion's service offerings.
Allows investment managers to view and trade cryptocurrencies alongside traditional assets.
Integration expected to be completed in Q2 2022, providing timely service to clients.
Negative
None.
-Coinbase Chooses Enfusion for First OEMS Connectivity-
NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--
Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud-based investment management software and services, and Coinbase Global Inc., through Coinbase Prime, today announced that the two firms will establish connectivity between their respective systems to enable financial institutions and investment managers to seamlessly trade cryptocurrency at Coinbase. This announcement marks Coinbase’s first connectivity with an order execution management system (OEMS) provider to establish both Financial Information Exchange (FIX) and API connectivity.
Enfusion built its front-to-back-office investment management platform from inception to support all asset classes, instruments, and strategies and as such, natively supports managers who trade cryptocurrencies and other digital assets at execution venues. Enfusion will connect its OEMS and Portfolio Management System (PMS), with Coinbase Prime, Coinbase’s institutional integrated solutions that provides secure custody, an advanced trading platform, prime services and market data.
“We’re excited to connect our systems with Coinbase as institutions and investment managers seek to add crypto to their investment portfolios,” said Thomas Kim, CEO of Enfusion. “Our global community of clients have expressed interest in enabling connectivity for crypto trading from the same platform as their full portfolio. Connecting with Coinbase allows us to continue to deliver to the industry what is the gold-standard OEMS and PMS solution.”
Upon connection, investment managers, including hedge funds, will be able to view through Enfusion their crypto assets alongside the rest of their portfolio in one unified perspective and trade crypto with Coinbase Prime’s advanced execution, prime brokerage, and custody platform.
“We’re excited to launch our first OEMS partnership with Enfusion, as their native multi-asset management system is a natural first choice to collaborate with on a joint institutional offering,” adds Brett Tejpaul, Head of Institutional Sales, Trading and Prime at Coinbase. “We expect financial institutions to continue to increase their portfolio exposure to crypto, and we’re committed to offering the best tools to enable them to manage it efficiently.”
The integrations between both platforms are expected to be completed in Q2 2022.
About Enfusion
Enfusion's investment management software-as-a-service platform removes traditional information boundaries, uniting front-, middle- and back-office teams on one cloud-native system. Through its software, analytics, and middle/back-office managed services, Enfusion creates enterprise-wide cultures of real-time, data-driven intelligence, boosting agility, and powering growth. Enfusion partners with 680+ investment managers from 10 global offices spanning four continents.
About Coinbase
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.
Source: Enfusion, Inc. Source Code: ENFN-IR
ENFN-CORP
