Coinbase - The SiLLC Assembly

Coinbase Has Acquired One River Digital Asset Management

Coinbase has acquired One River Digital Asset Management (ORDAM), a premier institutional digital asset manager and SEC-registered investment adviser. ORDAM will transition to become Coinbase Asset Management (CBAM), and will operate as an independent business and wholly-owned subsidiary of Coinbase. The acquisition aligns with our long-term strategy to unlock further opportunities for institutions to participate in the cryptoeconomy.

With over $130 billion of quarterly institutional trading volume and over $50 billion of institutional assets on platform, Coinbase operates at the center of the institutional digital asset market. Our products are purpose-built to provide secure access to digital assets and Web3. Premier global institutions including asset managers, corporations, financial institutions, and other market participants entrust Coinbase as their platform of choice in the cryptoeconomy. As of Q4 2022, roughly 25% of the 100 largest hedge funds in the world by reported assets under management have chosen to onboard with Coinbase.

In furthering our goal of bridging the gap between institutions and the cryptoeconomy, we’re excited to announce that Coinbase has acquired One River Digital Asset Management, a subsidiary of One River Asset Management. An SEC-registered investment adviser, ORDAM will form the foundation of Coinbase Asset Management and offer investment advisory services to a range of new and existing institutional clients.

ORDAM is a leading digital asset manager focused on providing institutional clients exposure to digital assets via robust investment products. Coinbase and ORDAM have a history of close partnership. ORDAM leverages Coinbase Prime to deliver differentiated investment solutions to sophisticated institutions and we’re partnering to build innovative digital asset management infrastructure such as ONE Digital SMA, a suite of digital investment strategies and indexes in an easy-to-use separately managed account (SMA) platform powered by Coinbase Prime and Coinbase Custody, a New York DFS qualified custodian. Coinbase Ventures was also an early investor in ORDAM.

Coinbase and ORDAM share an ethos grounded in prudent risk management, a trait which has enabled both firms to successfully navigate the recent market turmoil. Culturally, our two organizations are strongly aligned on pursuing the opportunity in digital assets with an uncompromising priority on safety and soundness. With this acquisition, we are excited to welcome ORDAM’s best-in-class team to Coinbase and to partner more deeply to expand institutional access to digital assets.

Eric Peters will continue to serve as the CEO/CIO of ORDAM (now CBAM) as well as the CEO/CIO of One River Asset Management, an unaffiliated and independent business. Eric has over 30 years of experience in the asset management industry and founded One River Asset Management in 2013. ORDAM will continue to operate as an independent entity under Coinbase, segregated from our trading and exchange businesses, with minimal disruption to current business activities and standard controls implemented among well-regulated and diversified financial institutions.

We welcome top talent at Coinbase, and the One River Digital Asset Management team represents the best expertise in their field. We look forward to working with them in building our asset management business and providing industry-leading products and services to the institutions we support.

About Coinbase

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Contacts

Press:
press@coinbase.com

Investor Relations:
investor@coinbase.com

Source : Coinbase https://www.coinbase.com/blog/coinbase-has-acquired-one-river-digital-asset-management

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Coinbase Releases Fourth Quarter and Full Year 2022 Shareholder Letter

LOS ANGELES–Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today the release of its fourth quarter and full year 2022 shareholder letter. The letter, including the Company’s financial results, can be found on its Investor Relations website at investor.coinbase.com.

The Company will hold a question and answer session to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 21, 2023 at 2:30 p.m. PT.

To register for the webcast, please use this link. A live webcast of the call will be available on the Investor Relations website at investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website.

Disclosure Information

Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.

About Coinbase

Contacts

Press:
press@coinbase.com

Investor Relations:
investor@coinbase.com

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DeFi Technologies follows Coinbase and other Market Makers in Joining the DeFi Alliance

DeFi Technologies follows Coinbase and other Market Makers in Joining the DeFi Alliance

TORONTO, Aug. 24, 2021 – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF) announces it has joined the DeFi Alliance. Launched in early 2020 as the Chicago DeFi Alliance, the group provides mentorship and funding for early-stage tech teams working in the $70 billion decentralized finance (“DeFi“) sector. Other members of the 150+ company alliance include Coinbase, Jump Capital, CMT Digital, Cumberland DRW, amongst others.

The partnership with the DeFi Alliance involves no investment or financial support. To date, DeFi Technologies’ Venture offering has made numerous investments in DeFi startups. With its entry into the DeFi Alliance, the Company will provide mentorship, investment, and other support to early-stage startups going through the DeFi Alliance’s accelerator programs. This will present new opportunities for new business lines to be developed by the Company.

Wouter Witvoet, DeFi Technologies Chief Executive Officer stated, “Joining the DeFi Alliance provides us another avenue of access to early-stage DeFi projects that we can partner with as they grow their business. The community has incubated a number of well-known projects and we look forward to providing the public market exposure to additional DeFi startups that will one day be world-renowned.”

Jacob Franek, Partner at DeFi Alliance stated, “We’re excited to have DeFi Technologies join the Alliance and look forward to their contributions to our ecosystem and spreading further knowledge and insight about decentralized finance to the public markets.”

About the DeFi Alliance:
The DeFi Alliance is the leading decentralized finance accelerator. We help startups source liquidity and support from a broad industry network — the DeFi Alliance Network — that includes trading firms, founders, and investors. Together, we will grow DeFi to one billion users by 2025. For more information visit https://www.defialliance.co/

About DeFi Technologies:
DeFi Technologies Inc. is a Canadian company that carries on business with the objective of enhancing shareholder value through building and managing assets in the decentralized finance sector. For more information visit https://defi.tech/

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the participation in the DeFi Alliance; acquisition and investment plans of the Company; the decentralized finance industry and the merits or potential returns of any such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE DeFi Technologies, Inc.

For further information: Investor Relations: Dave Gentry, RedChip Companies Inc., 1-800-RED-CHIP (733-2447), 407-491-4498, Dave@redchip.com; Public Relations: Veronica Welch, VEW Media, ronnie@vewpr.com

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