KPMG LLP, the audit, tax and advisory firm, and Coin Metrics Inc., the leading provider of crypto financial intelligence, today announced a new customer for their combined offering, FARUM™.
Strix Leviathan, a crypto investment manager powered by a sophisticated proprietary trading platform, will integrate FARUM into its trading technology.
FARUM is a new way to approach blockchain network risk management. Through its enterprise-grade API, FARUM allows customers to get a streaming data feed on the health of individual blockchains.
Strix Leviathan’s proprietary algorithmic trading strategies are already optimized for volatile market conditions to mitigate against risk and market drawdowns. Now, Strix Leviathan can further mitigate risks by monitoring abnormalities across the underlying blockchains of individual assets in all fund investment vehicles.
“The frontier market of digital assets is replete with trading opportunities but features unique risks and challenges. We see the FARUM solution as a risk management tool that will help us with early identification of technical risks like network attacks, double spends, blockchain forks, or other abnormalities,” said Nico Cordeiro, Strix Leviathan Chief Investment Officer.
Following FARUM’s recent momentum, including a partnership with BitGo, Strix Leviathan marks its first customer in the hedge fund space. With over three years of experience actively managing a portfolio of digital assets and a heavy focus on compliance and transparency, Strix Leviathan can benefit from the insights FARUM provides into these markets.
“The digital currency asset class continues to move at a breakneck speed and investment managers need to keep pace with the change,” said Tim Rice, Coin Metrics Chief Executive Officer. “FARUM harnesses key data and over 40 key risk indicators to help firms like Strix Leviathan better protect client capital through a holistic and real-time network risk management approach.”
“The cryptoeconomy requires trusted data and insights for adoption. FARUM presents a new level of public blockchain intelligence that is transforming institutional risk management in public blockchain. It is of no surprise that it is gaining momentum with hedge funds like Strix Leviathan,” said Sam Wyner, co-lead KPMG Cryptoasset Services.
