Thomas Murray has launched a new digital asset solution in partnership with Alphaplate, a crypto market-maker and proprietary trading firm.
The partnership will assist institutional asset owners, fund managers and service providers to understand the capabilities and associated risks of trading and holding digital assets.
Thomas Murray Digital will provide risk assessments of digital asset market infrastructural entities, including exchanges and custodians.
The assessments will inform and enable funds to evaluate, select and monitor the entities that support this new asset class.
The service is currently being piloted and is set to launch in mid-2021, with coverage of increasing numbers of assessed entities to follow through the year.
Simon Thomas, executive chairman of Thomas Murray, says the move is a “natural extension” to the firm’s coverage.
Thomas adds: “The Alphaplate team is exceptional in its experience in this sector, ensuring that institutional investors will have timely, expert and comprehensive support as they invest in digital assets.”
Jan Ivar Strømme, managing partner and co-founder of Alphaplate, comments: “We are excited to be working with Thomas Murray on the Thomas Murray Digital solution. They are a company and a team with a proven track record, as well as relationships with many of the custodians, institutional investors and asset owners moving into this asset class.”
Strømme highlights there has been an “unprecedented amount of involvement” in the crypto space over the last one to two years.
“This has been particularly noticeable since the COVID-19 pandemic and the onset of a much more cashless society, with banks taking notice of institutional interest and entering this space in droves,” he notes.
