Thanks to a new partnership between crypto platform Anchorage Digital and FusionIQ, the cloud-based wealth management solutions provider, financial advisors and firms now have access to Anchorage Digital via the FusionIQ One wealth management platform. Anchorage Digital Bank is the only US federally chartered digital asset bank, meeting the black letter definition of a qualified custodian.
“Integration with existing financial infrastructure is key to unlocking the next phase of digital asset adoption. 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,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital Bank.
A joint-company press release states that with this collaboration, RIAs and family offices have a single wealth management platform where they can access crypto, alternative assets and traditional investments in a safe, secure and compliant manner. The partnership is expected to provide streamlined access to crypto for advisors and their end clients, removing some of the compliance, infrastructure and operational barriers that have held back some traditional institutions from engaging in the digital asset ecosystem.
Mark Healy, CEO of FusionIQ, said, “RIAs and their end clients need a crypto solution for today – and tomorrow. That is why we decided to partner with Anchorage Digital Bank, which shares our commitment to safe, secure and regulated financial infrastructure. Through our partnership with Anchorage Digital Bank, we are proud to provide RIAs with an opportunity for integration, through our Hybrid Digital Advice or finTAMP modules, while supplying their end clients with a reliable and regulated entry point into the digital asset ecosystem. Our partnership ensures financial advisors and institutions using the multi-custodian FusionIQ One platform are ready to participate in the next institutional-led crypto bull market.”
The new partnership comes after Anchorage Digital launched a crypto separately managed account solution for RIAs in November 2023, offering custody and trading capabilities for financial advisors and wealth managers.