Gemini brings crypto to more than 3,000 RIAs managing $1.3T+
Gemini’s wealth management platform, Gemini BITRIA, is now integrated with Envestnet | Tamarac platform for RIA
SAN FRANCISCO, 6 October 2022 /PRNewswire/ — Through its integration with Envestnet | Tamarac’s registered investment advisor (RIA) platform, Gemini will now have a direct depository stream for crypto managed accounts to more than 3,000 RIAs managing more than 1.3 trillion dollars in assets.
Advisors using Envestnet | Tamarac (Tamarac) can seamlessly register and access Gemini’s BITRIA Wealth Management platform. The integration enables advisors and their clients to view their crypto portfolio, performance data and billing information alongside their traditional assets on the Tamarac dashboard.
“Tools that provide transparency into clients’ crypto holdings are critical to empowering advisors to provide advice that is truly holistic,” said Dani FavaCEO, product innovation at Envestnet. “The integration between Gemini BITRIA and the Envestnet | Tamarac platform provides a unified view of client portfolios across all asset classes. We look forward to adding Gemini’s unique solution to the suite of offerings available to advisors through Envestnet’s financial wellness ecosystem.”
The twins bought BITRIA in January 2022 to give advisors access to the wider crypto ecosystem. Gemini BITRIA is a fully integrated digital asset solution for asset managers, combining custody, liquidity, trading, settlement, portfolio construction and management, rebalancing and reporting.
Gemini is a trustee and qualified custodian under the New York Banking Law, licensed by state of New York to be a custodian of digital assets. Gemini is the first digital asset platform to achieve SOC 1 Type II and SOC 2 Type II certification.
“Our ability to fulfill our mission to unlock the next phase of financial freedom through crypto is dependent on our ability to unlock access for advisors,” said Dan Eyre, head of Gemini BITRIA at Gemini. “With trillions of dollars in advisory accounts in the US, our strategic relationship with Envestnet is a huge step forward in allowing us to do just that.”
To learn more about Gemini’s integration with Envestnet | Tamarac, please visit gemini.com/envestnet
About Gemini
Gemini is a platform that allows customers to buy, sell, store and earn cryptocurrencies such as bitcoin, ether and DeFi tokens. Gemini’s simple, reliable and secure products are built to unlock the next era of financial, creative and personal freedom. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss.
Gemini and Envestnet are separate and unaffiliated companies. This release should not be construed as an endorsement or recommendation of any particular product, service or company.
Media Contacts:
Gemini: Natalie Rix
[email protected]
Envestnet: Dana Taormina
[email protected]
SOURCE Gemini
