On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The separately managed account will be exclusively available for Coinbase Prime users and specifically targets the institutional investor.
Cryptocurrency exchange Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in related activities.
Detailed in an official blog post, Coinbase claimed that the creation of the ONE Digital SMA will grant exposure to “a suite of digital investment strategies and indexes in an easy-to-use separately managed account platform."
The function will be exclusively accessible to Coinbase Prime users, a premium subscription service offering enhanced trading capabilities, and a bespoke custody model to protect assets tailored for the niche requirements of high net-worth individuals.
In the announcement, Coinbase summarized the service by saying:
“ONE Digital SMA is a solution for wealth managers that want to give clients access to crypto through direct ownership of assets, complete transparency and the ability to optimize future returns through value-added services, like staking.”
Related: One River Digital raises $41M from Goldman Sachs and Coinbase
Coinbase Ventures were one of three cryptocurrency firms alongside Liberty Mutual Insurance and banking titan Goldman Sachs, to invest in the $41 million Series A funding raise of crypto hedge fund One River Digital — a subsidiary of One River Asset Management — in September 2021.
The initiative sought to enhance the exposure and subsequent adoption of the digital asset space among institutional clientele in the United States and wider regions. Recent valuations calculate that One River Asset Management holds in the region of $2.3 billion in assets-under-management (AUM).
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