KPMG LLP, the audit, tax and advisory firm, BitGo, Inc and Coin Metrics Inc. have announced a combined offering and the commercial launch of Coin Metrics’ FARUM™ to enable BitGo’s existing and future clients to actively monitor and manage public blockchain network risks.
The collaboration will bring KPMG Chain Fusion services, capabilities and accelerators, BitGo custody technology, and Coin Metrics’ data and intelligence products to market through a deeply integrated offering. The combined offering will collapse implementation cycles and deliver core capabilities for financial institutions and banks to help them offer crypto and digital assets products with confidence leveraging execution supported by established experience in system integration, risk, compliance 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.