KPMG LLP, one of the world's largest audit firms, today announced that it has entered into a strategic partnership with the cryptanalytic firm Coin Metrics. Together, they will provide services for working with data, focused on the distribution of cryptocurrencies and blockchain among institutional investors.
As part of the Alliance, a set of institutional Coin Metrics products will be integrated with the KPMG Chain Fusion service. Among other things, the solution will include FARUM tools for managing risks in blockchain networks and ATLAS for collecting data from Coin Metrics.
"The integration of Atlas and Farum with KPMG Chain Fusion will provide a credible basis for distribution of digital assets, said KPMG. – Farum is a significant breakthrough for custodians and stock exchanges, which are subject to risks blockchain networks can affect their business."
Earlier, analysts KPMG expressed the view that the full potential of crypto-currency assets is a mandatory condition of their institutionalization.
Later, they also attributed the stopping of a series of hacks of crypto exchanges to such conditions. "Institutional investors will not take the risk of owning crypto assets if their value cannot be protected in the same way as traditional money, stocks, and bonds," they wrote.