Nordic crypto asset services provider Coinmotion has partnered with Helsinki-based cloud portfolio management platform provider FA Solutions to expand its reporting and monitoring capabilities to better serve institutional investors and corporations.
FA Solutions provided a solution for Coinmotion to develop and maintain its crypto asset monitoring and reporting, allowing the company to effortlessly perform daily industry standard actions and reporting to its institutional clients. FA Solutions FA Platform provided an automated and easy-to-use platform for calculating Net Asset Values (NAV), maintaining a master registry of crypto assets, performing fee calculations, and enabling all other required operations within professional and institutional reporting. In addition to enabling its institutional trading with an automated online platform, Coinmotion wanted to improve the client experience for its institutional clients by offering a user-friendly Client Portal. FA Solutions provides a way for Coinmotion to offer its institutional clients a white-label client portal to see how their crypto assets are performing, receive timely reports, and request more detailed reports and analytics as provided by the platform.
“The FA platform solved two important needs for us at Coinmotion. We want to be able to expand and grow our offering to institutions and make cryptocurrency allocation and exposure management much easier.” says Coinmotion Head of Institutions Thomas Brand. “To deliver sustainable and viable bitcoin and crypto asset exposure for institutional clientele, process automation was imperative as it provided a way for institutional investors to transparently and automatically show how various crypto assets are performing,” he continues.
Coinmotion is a Finnish cryptocurrency wealth manager that makes investing in crypto easy and safe, just like doing business with more traditional financial service providers. Established in 2012, the company’s mission is to create the best crypto wealth management experience in Europe. Coinmotion is subject to the supervisory and customer identification requirements of the Finnish Financial Supervisory Authority. It is one of the few regulated crypto asset entities in Europe with a payment institution license and virtual currency service provider status. Increasing and facilitating the institutional use of cryptocurrencies will accelerate it to become a mainstream asset class and thus lead to broader adoption by a broader audience of investors.
“We are delighted to serve a new type of service provider and asset class where the underlying assets are primarily investments in cryptocurrencies and other forms of virtual assets. We believe that support for alternative asset classes and types is important to many asset managers today.” says Hannes Helenius, director of marketing and partnerships at FA Solutions.
To date, FA Solutions services more than 70 major banks, independent asset managers and institutional investors in 15 different countries. Founded in 1999, FA Solutions currently has offices in Finland, Sweden, Latvia, the Netherlands and the UK.