FusionIQ partnership broadens regulated crypto access for advisors

FusionIQ has partnered with Anchorage Digital to provide financial advisors and institutions with more streamlined access to regulated cryptocurrency assets.

Under the partnership, financial advisors and institutions on the FusionIQ One wealth management platform will have regulated access to cryptocurrencies via Anchorage Digital Bank, the only federally chartered digital asset bank.

“RIAs and their end clients need a crypto solution for today – and tomorrow,” Mark Healy, CEO of FusionIQ, said in a statement. “That is why we decided to partner with Anchorage Digital Bank, which shares our commitment to safe, secure, and regulated financial infrastructure.”

The two firms touted the collaboration as a coup for the industry. For the first time ever, wealth advisors and firms will have a single platform on which they can access digital assets along with traditional investments as well as other alternative assets, Anchorage Digital and FusionIQ say.

By breaking down barriers to crypto adoption among traditional financial institutions, the move addresses the wealth industry’s growing interest in diversifying into crypto while still meeting compliance and regulatory obligations.

“Integration with existing financial infrastructure is key to unlocking the next phase of digital asset adoption,” said Nathan McCauley, co-founder and CEO of Anchorage Digital. “By placing crypto alongside other traditional assets, our work with FusionIQ is a critical step towards streamlining digital asset access for financial advisors and institutions.”

Anchorage Digital’s partnership with FusionIQ builds on another development in November, when it launched a crypto separate managed account solution for RIAs.

Through that offering – which it introduced in partnership with Eaglebrook Advisors, Onramp Invest, and other leading names in the advisor space – Anchorage Digital said RIAs can benefit from its comprehensive custody, trading, and settlement services focused on crypto assets.

Anchorage Digital launched that platform partnership shortly after the SEC published its custody rule setting out requirements for advisors to safeguard digital assets.

“After the recent SEC custody rule proposal, demand from RIAs for a qualified crypto custodian is higher than ever before,” Diogo Mónica, president and co-founder of Anchorage Digital, said at the time. “Leveraging our status as the only OCC-chartered digital asset bank, our new offering enables RIAs to access the digital asset class through safe, secure, and regulated infrastructure.”