The collaboration with Anchorage, the only federally regulated digital asset bank, will give advisors a single platform offering digital assets along with traditional investments.
Under the partnership, financial advisors and institutions on the FusionIQ One wealth management platform will have regulated access to cryptocurrencies via Anchorage Digital Bank, the only federally chartered digital asset bank.
“RIAs and their end clients need a crypto solution for today – and tomorrow,” Mark Healy, CEO of FusionIQ, said in a statement. “That is why we decided to partner with Anchorage Digital Bank, which shares our commitment to safe, secure, and regulated financial infrastructure.”
The two firms touted the collaboration as a coup for the industry. For the first time ever, wealth advisors and firms will have a single platform on which they can access digital assets along with traditional investments as well as other alternative assets, Anchorage Digital and FusionIQ say.
By breaking down barriers to crypto adoption among traditional financial institutions, the move addresses the wealth industry’s growing interest in diversifying into crypto while still meeting compliance and regulatory obligations.
“Integration with existing financial infrastructure is key to unlocking the next phase of digital asset adoption,” said Nathan McCauley, co-founder and CEO of Anchorage Digital. “By placing crypto alongside other traditional assets, our work with FusionIQ is a critical step towards streamlining digital asset access for financial advisors and institutions.”
