01.04.2022

Coinbase Chooses Enfusion for First OEMS Connectivity

01.04.2022
Coinbase Chooses Enfusion for First OEMS Connectivity

Enfusion, a leading provider of cloud-based investment management software and services, and Coinbase Global Inc., through Coinbase Prime, announced that the two firms will establish connectivity between their respective systems to enable financial institutions and investment managers to seamlessly trade cryptocurrency at Coinbase.

This announcement marks Coinbase’s first connectivity with an order execution management system (OEMS) provider to establish both Financial Information Exchange (FIX) and API connectivity.

Enfusion built its front-to-back-office investment management platform from inception to support all asset classes, instruments, and strategies and as such, natively supports managers who trade cryptocurrencies and other digital assets at execution venues.  Enfusion will connect its OEMS and Portfolio Management System (PMS), with Coinbase Prime, Coinbase’s institutional integrated solutions that provides secure custody, an advanced trading platform, prime services and market data.
“We’re excited to connect our systems with Coinbase as institutions and investment managers seek to add crypto to their investment portfolios” said Thomas Kim, CEO of Enfusion. “Our global community of clients have expressed interest in enabling connectivity for crypto trading from the same platform as their full portfolio. Connecting with Coinbase allows us to continue to deliver to the industry what is the gold-standard OEMS and PMS solution.”
Upon connection, investment managers, including hedge funds, will be able to view through Enfusion their crypto assets alongside the rest of their portfolio in one unified perspective and trade crypto with Coinbase Prime’s advanced execution, prime brokerage, and custody platform.
“We’re excited to launch our first OEMS partnership with Enfusion, as their native multi-asset management system is a natural first choice to collaborate with on a joint institutional offering,” adds Brett Tejpaul, Head of Institutional Sales, Trading and Prime at Coinbase. “We expect financial institutions to continue to increase their portfolio exposure to crypto, and we’re committed to offering the best tools to enable them to manage it efficiently.”

The integrations between both platforms are expected to be completed in Q2 2022.

Source: Enfusion

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