Venn by Two Sigma Teams up with Coin Metrics to Provide Institutional-Grade Digital Asset Data

September 20, 2022 - Venn, Two Sigma's portfolio analytics platform, announced a strategic alliance with Coin Metrics, an institutional crypto financial intelligence provider, to provide platform users with digital asset returns data.

"The digital assets landscape is evolving rapidly. Investors are lacking the quality of data and workflows they need to assess participation in this asset class," said Marco Della Torre, CEO of Venn. "We believe that joining forces with Coin Metrics will allow us to offer a combination of trusted data and powerful portfolio insights that sets a new bar for digital asset analytics across the industry."

"As a leading multi-asset portfolio analytics and investment platform, Venn understands the critical need for institutional-quality crypto reference rate data that asset owners, managers, and advisers can truly trust," said Tim Rice, co-founder and CEO of Coin Metrics. "Coin Metrics' independent and transparent crypto asset prices will power Venn's factor models and scenario analysis as asset allocators add crypto to their portfolios and gain a better understanding of the relevant impact. We're proud to bolster Venn's investment platform as part of our joint efforts to support a new wave of institutional crypto investors."

Calculated in U.S. Dollars and Euros for over 475 assets, Coin Metrics' reference rate data will provide Venn users with reliable digital asset returns data that they can use to help create powerful, factor-based workflows. Coin Metrics' reference rates are derived from a multitude of high-quality constituent markets. The calculation methodology used to determine the rates is transparent to all participants on their website.

The integration of Coin Metrics data into the Venn platform is one element of a broader strategy to support allocators seeking to contextualize crypto in a multi-asset portfolio. In August, Venn announced a collaboration with Coinbase Institutional to help educate institutional investors on the digital asset space through a series of informational resources.