Share this article
BTC
$84,879.37
+
0.09%ETH
$1,597.34
+
0.87%USDT
$0.9997
+
0.01%XRP
$2.0826
+
1.06%BNB
$592.03
+
0.28%SOL
$138.42
+
2.90%USDC
$0.9998
+
0.02%DOGE
$0.1591
+
2.74%TRX
$0.2411
-
2.19%ADA
$0.6330
+
3.25%LEO
$9.2299
+
0.27%LINK
$12.75
+
1.40%AVAX
$19.29
+
1.17%TON
$3.0000
+
1.29%XLM
$0.2436
+
0.53%SHIB
$0.0₄1233
+
4.42%HBAR
$0.1675
+
2.28%SUI
$2.1457
+
1.06%BCH
$338.71
+
2.95%HYPE
$17.34
+
1.22%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Crypto Wealth Manager Onramp Taps CoinDesk Indices to Create Customized Portfolios
The partnership will provide advisers with a wider range of options for shaping successful portfolios.
Digital assets wealth management company, Onramp Invest, has joined CoinDesk subsidiary CoinDesk Indices (CDI) to provide financial advisers with better tools for creating and customizing portfolios.
Financial advisers will be able to use Onramp's marketplace to access CDI's indices, giving them a range of options for clients’ with different preferences and tolerance for risk, according to a press release. "Pairing CoinDesk Indices’ market intelligence with Onramp’s flexibility and access provides advisors with unparalleled growth opportunities for clients,” said Eric Ervin, CEO of Onramp Invest, in the statement.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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, according to the press release.
As more traditional finance (TradFi) firms are pushing into crypto, financial advisers have been looking to provide more customizable, sophisticated products to track markets.
“CDI's rules-based methodology for our indices is robust and comprehensive, which we believe provides a real value add,” Andy Baehr, managing director at CoinDesk Indices, said, adding: "Advisers using Onramp’s Marketplace will be able to use CDI indices as building blocks for developing customized solutions for their clients."
Onramp, which aims to connect traditional finance players with digital assets, raised $7 million in a Series A funding round last year, led by JAM Fintop and EJF Capital.
CoinDesk is a subsidiary of Digital Currency Group.
Read more: Crypto Classification Seeks to Make Industry More Welcoming to TradFi Participants
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
