BOSTON (April 5, 2023) – Coin Metrics, the leading provider of crypto financial intelligence, is pleased to announce that it will be supplying its premium reference rate data to Digital Prime Technologies for the launch of Tokenet, an institutional digital asset lending platform.
This new lending platform will utilize Coin Metrics’ institutional-grade reference rates, which will help empower Tokenet users with trusted and reliable digital asset pricing.
“Coin Metrics and Digital Prime Technologies share an underlying mission to bridge the gap between traditional finance and digital assets through institutional-grade platforms and data, opening up a natural synergy that we are excited to capitalize on with this new collaboration,” said Tim Rice, co-founding CEO of Coin Metrics. “With Coin Metrics’ industry-leading reference rates at their disposal, Tokenet’s institutional users will be able to rely on transparent and robust cryptoasset pricing data as they seek to make borrowing and lending decisions on this innovative new platform.”
Tokenet will enable clients to post borrow needs and broadcast lend availability, providing a full-
suite platform for loan lifecycle management tools, including re-rates, recalls, returns, and
mark-to-markets.
“We are very excited to partner with Coin Metrics on the launch of Tokenet,” said James Runnels, co-founder and CEO of Digital Prime Technologies. “As we continue in our efforts to transform and de-risk the digital asset lending space, we believe Coin Metrics’ expansive asset coverage and robust institutional offering will produce the greatest benefit to our users.”
Coin Metrics provides transparent, independent, and manipulation-resistant reference rates that are calculated in U.S. Dollars and Euros for over 640 assets. The company’s rates are derived from a multitude of high-quality constituent markets, with a calculation methodology that is fully transparent to all participants and robust to manipulation.
Coin Metrics data is relied on by many top financial services institutions, as there is an increasing need for reliable price data to redisplay to market participants.
ABOUT COIN METRICS:
Coin Metrics is the leading provider of crypto financial intelligence, offering network data, market data, indexes and network risk solutions to the most prestigious institutions touching cryptoassets. Established in 2017, Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. Coin Metrics puts unparalleled insight and accuracy into crypto data and analytics so that companies can accelerate value creation and minimize risk. For more information, visit www.coinmetrics.io.
ABOUT DIGITAL PRIME TECHNOLOGIES:
Through its multi-faceted product suite, Digital Prime Technologies enables clients to quickly and easily deploy a full suite of digital asset solutions spanning execution, prime brokerage and lending. While the digital assets sector is complicated and evolving rapidly, Digital Prime Technologies is built on TradFi principles and industry practices that are core to US regulated securities markets. Digital Prime Technologies’ offering allows broker-dealers and capital markets firms to transact in the digital asset space with robust and fully customizable services suited to their business and compliance needs. To learn more about Digital Prime Technologies, please visit our website at www.digitalprimetechnologies.com.