Gemini Enters Wealth Management After Obtaining BITRIA
Gemini, a $7.1 billion cryptocurrency exchange, announced Thursday it has acquired five-year-old Bay Area-based digital asset portfolio management firm BITRIA to supply a digital asset ecosystem for wealth management institutional asset managers.
Gemini stated that when completed from the acquisition, it'll aim to integrate BITRIA’s digital asset separate management account (SMA) and digital turnkey asset management platform (DTAMP) into Gemini’s child custody and exchange abilities, offering wealth management advisors SMA construction and maintenance Portfolio rebalancing Tax-loss harvesting Fee collection and billing Account planning Data connectivity.
Dave Abner, Mind of worldwide Business Development stated that:
"The BITRIA acquisition positions Gemini because the first finis...