CAIS and Galaxy Digital partnership
Cryptocurrencies,  Education

Galaxy Digital to school financial advisors on digital assets

Some advisors struggle to answer clients’ questions about cryptocurrencies and blockchain authoritatively. A new partnership between investment platform CAIS and the crypto merchant bank wants to help

Three in four financial advisors have received questions from their clients about digital assets. The problem? They don’t always have the answers.

So, digital asset merchant bank Galaxy Digital and the alternative investment platform CAIS are teaming up to increase awareness and knowledge.

The strategic partnership means financial advisors can gain streamlined access to Galaxy’s investment products and its educational resources concerning blockchain and digital assets.  

Galaxy Digital CEO Mike Novogratz said in a release that CAIS has cultivated a reputation as the go-to platform for advisors seeking alternative access and education.

“With the current macro environment and heightened interest in digital assets, it’s more important than ever that we empower advisors to have informed client conversations and arm them with institutional-quality products that can integrate easily into client portfolio,” he added.

CAIS CEO Matt Brown said the partnership “aligns perfectly with our goal to bring improved transparency and deeper understanding to all alternative investment strategies.”

The collaboration comes after a poll by Fidelity Digital Assets revealed that almost 80% of institutional investors find something appealing in digital assets.

‘Learn faster, remember longer’

Through CAIS, financial advisors are given access to alternative investment funds and an independent source of due diligence, as well as tools and analytics.

An artificial intelligence-powered learning platform is set to educate advisors about blockchain and digital assets, including Bitcoin—allowing them to “learn faster, remember longer, and enhance client outcomes,” according to the release.

“Three out of four financial advisors have received client questions about digital assets and blockchain technology, and over half are likely to allocate client portfolios to bitcoin over the next 12 months,” said Galaxy Digital’s head of asset management, Steve Kurz. 

“Our ground-breaking partnership with CAIS will both prepare advisors to have thoughtful client conversations about digital assets, and provide institutional-quality digital asset solutions for client portfolios,” he added.

In June, Galaxy Digital teamed up with the cryptocurrency derivatives and custody firm Bakkt Warehouse to provide institutional investors and asset managers with “white-glove service” as they buy and store Bitcoins.

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C Sephton is a journalist with an interest in cryptocurrencies, personal finance, and financial inclusion—as well as the challenges the crypto industry faces in achieving mainstream adoption. He owns cryptocurrencies.