Auditing giant KPMG has teamed up with crypto data firm Coin Metrics and crypto service provider BitGo to meet the demand for cryptos from institutional investors, CoinDesk has reported.
As part of the partnership, the three companies have decided to launch a combined suite of their products aimed at fostering the adoption of cryptocurrencies by institutions and banks.
The offering combines KPMG's Chain Fusion services and accelerators, BitGo's custody tech and Coin Metrics' data and intelligence products through a "deeply integrated combined offering."
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Coin Metrics and KPMG have been working together since 2020 on the institutional adoption of cryptos. Now that BitGo has joined the partnership, the companies are poised to launch their suite of products.
Pete Najarian, Chief Revenue Officer at BitGo, said:
"Through this collaboration, we will be delivering the products and services that our institutional clients have needed to allow broad adoption of digital assets."
It is worth noting Coin Metrics has used the occasion to launch a new product as part of the suite called FARUM. FARUM is a risk management product that allows to identify network attacks, fee volatility risks and risks of unusual events in the network.