Coinbase and GenTwo Digital announced that they have partnered to develop their asset products.
Coinbase recently announced that it will cut 950 jobs as part of its restructuring. One of the first units to be closed was Japan. The US-based crypto exchange collaborated with GenTwo Digital to expand its business.
Coinbase Announces GenTwo Digital Partnership
GenTwo Digital expands the investment universe in digital assets for professional investors with Coinbase.
The partnership allows Coinbase crypto assets to be wrapped in bankable financial investment products and financial intermediaries to issue innovative certificates such as AMCs (Certificates of Active Management). Any financial intermediary can create white-label investment products in collaboration with GenTwo Digital and run them through Coinbase’s platform.
Guillaume Chatain, Head of Institutional Sales, Coinbase EMEA, said of the partnership:
“We are excited to collaborate with GenTwo to enable any authorized financial advisor and financial intermediary in Switzerland to gain access to crypto. Investors will benefit from execution services through the Coinbase multi-site execution platform, and assets will be held at a 1:1 ratio in dedicated cold wallets for optimum security.”
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