A joint offering and commercial launch of Coin Metrics’ FARUMTM has been announced by KPMG LLP, the audit, tax and consulting firm, BitGo, Inc and Coin Metrics Inc. to enable current and potential BitGo customers to closely track and control the risks of public blockchain networks.
The partnership will bring the data and intelligence products of KPMG Chain Fusion services, capabilities and accelerators, BitGo custody technology, and Coin Metrics to the market through a deeply integrated offering. The combined offering would break down implementation cycles and provide financial institutions and banks with core skills to help them deliver trust-leveraging execution of crypto and digital asset products backed by proven expertise in system integration, risk, enforcement and control patterns.
“We are thrilled to launch a combined offering to market, which marks a significant step forward in uniting core capabilities for custody, data and risk / compliance and security through an integrated solution,” said Arun Ghosh, Principal and KPMG Head of Blockchain for One Americas. “FARUM™ presents a new level of public blockchain intelligence that is transforming institutional risk management in public blockchains. We are thrilled to realize the opportunity to launch this offering together with BitGo and Coin Metrics.”
KPMG and Coin Metrics formed a strategic alliance in October 2020 that pairs Coin Metrics’ full-suite of institutional data products and infrastructure with KPMG Chain Fusion, a patent pending suite of capabilities announced in June 2020.
“This is the perfect time to offer a world class, consolidated product suite to the marketplace and we are delighted to be joining KPMG and Coin Metrics in this effort. Through this collaboration, we will be delivering the products and services that our institutional clients have needed to allow broad adoption of digital assets,” said Pete Najarian, Chief Revenue Officer BitGo.
The combined offering includes a suite of complementary products and services designed to enable the increasing institutional adoption of cryptoassets and public blockchains.