Digital Assets: KPMG’s Chain Fusion Blockchain Suite To Integrate Coin Metrics’ Products

October 30, 2020 | Digital Assets, News

KPMG and Coin Metrics have formed a strategic alliance aimed at the institutional adoption of digital assets.

KPMG LLP, a unit of Big Four accounting and consulting firm KPMG, announced an alliance with Coin Metrics, an open-source project with the goal of onboarding financial institutions across the world with data and insights into cryptoassets. KPMG’s Chain Fusion is a suite of analytic and digital capabilities that enables the adoption of cryptoassets across financial organizations by bridging their traditional systems with blockchain systems. As a part of the alliance, the Chain Fusion suite will integrate Coin Metrics’ full-suite of institutional data products and infrastructure. (

Institutional adoption

“Through this strategic alliance, KPMG and Coin Metrics will offer a suite of complementary products and services designed to enable the increasing institutional adoption of cryptoassets and public blockchains,” KPMG said in a statement.

The alliance will include the integration of Coin Metrics’ FARUM and ATLAS products into Chain Fusion.

FARUM is a holistic blockchain risk management offering that enables users to identify network attacks, transaction reorgs, fee volatility risks, and unusual network event risks.

ATLAS is a blockchain search tool that gives users access to raw on-chain data using a blockchain explorer API.

“The integration of Coin Metrics’ ATLAS and FARUM products and KPMG Chain Fusion provides a trusted foundation for adoption of digital assets,” said Sal Ternullo, co-lead KPMG Cryptoasset Services.  “Farum represents a significant step forward for custodians and exchanges who are exposed to often, unmonitored blockchain network risks that may impact their businesses.”

“FARUM is yet another way that Coin Metrics promotes transparency into the activities of open, public crypto networks,” said Tim Rice, CEO of Coin Metrics.

Rising crypto adoption by institutions

In recent months major listed companies such as Microstrategy (NASDAQ: MSTR) and Square (NYSE: SQ) have invested millions of dollars of their financial reserves into bitcoin. The investments are a supplement to their core business operations in technology and fintech.

Similarly, financial institutions are increasingly investing in cryptocurrencies. Grayscale Investments reported that its Grayscale Bitcoin Trust enjoyed inflows of $719.3 million during the third quarter. Significantly, Grayscale revealed that institutional investors accounted for the lion’s share of investment during the quarter – as much as 81%.

Earlier this year, challenger bank Revolut opened up cryptos to its U.S. customers.

This month, PayPal (NASDAQ: PYPL) also announced the integration of its platform with cryptocurrencies, its announcement triggering a sharp up move in the price of bitcoin.

As traditional businesses embrace the world of cryptos, they would need tools such as KPMG’s Chain Fusion to manage the transition.

Related Story:   KPMG Launches Chain Fusion to Bridge Analytics Across Blockchain and Traditional Assets                                                

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