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3 Best Crypto Asset Management Software Platforms [2024]
If you are an institutional crypto investor, wealth manager or financial advisor who's looking to expose your client's capital to the opportunity-laden crypto market, then using a crypto asset management software platform is essential in 2024!
In the past, crypto asset management was normally done manually, and was an operation that was more common amongst crypto hedge funds and VCs. But as the digital asset space has matured, more and more participants are starting to see the benefit of crypto portfolio management, and the value of software management tools to streamline the process. But as is usually the case when searching for new products, there are multiple solutions out there, and not all will offer the same utilities; or be suited for certain investor types.
For this reason, this article will delve into what crypto asset management constitutes, why it is important, and will culminate with a look at three of the best crypto asset management software platforms in 2024.
Reading this article, you’ll find out about:
- What is Crypto Asset Management?
- Why is Cryptocurrency Asset Management Software Important?
- The Best Crypto Asset Management Software Platforms (Apps) in 2024
Let's dive right in!
What is Crypto Asset Management?
Put simply, crypto asset management is a structured process of managing and optimising crypto token investments, and other blockchain-based assets. Although sharing some similar functions to traditional asset management, crypto asset management requires a more sophisticated and ever-present approach due to the decentralised and ever-evolving nature of crypto assets, and the frequent volatility of the market.
Specific strategies and software are therefore needed to effectively manage crypto portfolios, as well as reducing the complexity of handling diverse assets across various blockchains and exchanges.
Why is Cryptocurrency Asset Management Software Important?
As briefly touched upon, crypto asset management software is important for simplifying the complexities of managing crypto portfolios in a decentralised, volatile and constantly evolving market. To add to this, the crypto space operates on a 24/7 basis, and the rapid fluctuations in liquidity, prices, and market sentiment require continuous oversight. So without the help of specialised software, managing one's cryptocurrency holdings can rapidly become overwhelming; especially for asset managers dealing with multiple blockchain networks, token types, crypto exchanges and wallets.
Below are some of the benefits that can be realised by using a high-quality cryptocurrency asset management software platform:
1) Multiple exchange connectivity/improved liquidity management
Firstly, crypto asset management software allows for investors to connect to multiple exchanges through one streamlined interface, and often aggregates the best prices for each trade. Before, crypto investors had to manually go back and forth between various exchanges, which not only was time-consuming, but often expensive due to optimal price opportunities being lost, and trading fees from various exchanges accumulating.
These software platforms also help to manage liquidity more efficiently.
Liquidity can vary significantly across different cryptocurrencies and exchanges, and crypto asset management software solutions can provide recommendations or indicators that can allow fund managers to rapidly convert tokens into cash (or other tokens) when needed. This is essential for avoiding slippage in the fast-paced crypto market.
2) Seamless diversification across multiple blockchains/assets
Having to manage crypto tokens across different blockchain networks can be a complex affair; especially for more traditional finance professionals with limited crypto experience. For this reason, asset management software is ideal, as most streamline the process by enabling users to seamlessly manage various tokens from different blockchains, all from one intuitive dashboard!
This helps to ensure seamless diversification, and allows more traditional investors to experiment with more novel assets such as DeFi tokens; previously, traditional investors would have been deterred by having to do this manually.
3) Automated portfolio rebalancing
Arguably one of the most enticing aspects of using a crypto asset management software platform, is their ability to enact automated portfolio rebalancing.
This basically means that investors and fund managers can input predetermined strategies, and have their crypto portfolios automatically adjusted based on this. This in turn ensures that risks are somewhat contained, whilst also maximising potential returns; removing the headache of constantly having to monitor one's portfolio.
4) Real-time and historical data tracking
Another very useful feature is real-time and historical data tracking.
As already mentioned, crypto markets are incredibly volatile, so having access to real-time and historical data ensures that decisions are based on a combination of the latest market movements, and also historical trends. Whilst this is also included in more traditional software platforms, having access to digestible and accurate data (real-time and historical) is arguably more important for crypto asset management, as crypto market shifts are much more severe and frequent.
Again, with this function at their disposal, crypto asset managers are more likely to make informed decisions, optimise returns, and reduce exposure to risky assets.
5) Secure custody
A big part of crypto treasury management is ensuring that a client's crypto investments are held in a highly secure environment. For this reason, crypto management software platforms usually offer secure wallet integration, and/or multi-signature vaults to ensure that assets and private keys are protected.
This is very important for crypto asset management service providers, as it helps them to instill trust in potential clients.
6) Seamless fiat on-ramp/off-ramp
Many of the top crypto asset management software are also connected to crypto friendly banks, allowing for investors and fund managers to convert their fiat to crypto (and vice versa) in a highly streamlined manner.
However, it is important to note that some platforms tend to focus on certain geographical locations (for example, not every software platform is DNB compliant, meaning Dutch investors would have to identify a platform that is), and therefore, crypto fund managers and investors need to identify crypto asset management software that is allows connectivity to their local banks.
7) Enhanced reporting and compliance tools
Last but not least, and especially important for institutional investors and crypto funds, is staying compliant with local financial authorities, and being able to transparently update clients.
Many crypto asset management platforms come with integrated reporting tools that track transactions, generate detailed performance reports, and maintain an audit trail for compliance purposes. These features help asset managers meet their legal obligations while providing transparency to clients.
The Best Crypto Asset Management Software Platforms (Apps) in 2024
Using a combination of organic feedback from social media, and the author's own investigative research, the following three crypto asset management software platforms appear to be some of the leading crypto asset management solutions on the market today:
1) ICONOMI Wealth
ICONOMI Wealth is an FCA regulated and DNB (Dutch Central Bank) licensed turn-key digital asset management platform that is designed to streamline crypto investing for asset managers, institutional investors and family offices.
ICONOMI Wealth offers an intuitive interface for managing multiple crypto assets and portfolios, whilst also offering risk management tools, automating trading, and secure custody solutions; to name a few utilities. But above all, ICONOMI’s standout feature is its crypto strategies, which allow asset managers to create, manage, or share diversified crypto portfolios with clients, offering a seamless hands-off approach to investment.
By connecting to over 10 global exchanges, ICONOMI ensures the best price discovery through its smart trading engine, and is an excellent software platform for traditional asset managers to diversify into the world of crypto in an streamlined manner.
Pros:
Diverse cryptocurrency options: ICONOMI allows investors to invest in 150+ cryptocurrencies, and use 10,000 different trading pairs.
Comprehensive portfolio management: Asset managers can manage multiple portfolios and distribute them to clients via a streamlined dashboard.
Crypto Strategies: Offers a unique feature allowing users to copy expert-built, diversified crypto strategies with a single click.
Secure custody solutions: Multi-layered wallet protection and cold storage ensure high security for assets.
Smart trading engine: Multiple trading algorithms ensure optimal price execution across major exchanges.
Invoice, reporting and tax: Provides personalised invoicing, trading and tax reports for asset managers and investors.
Custom branding: Asset managers can provide a branded dashboard for clients, enhancing business presence.
Cons:
Limited advanced trading features: ICONOMI does not support derivatives or margin trading.
Limited DeFi support: While crypto strategies may involve DeFi assets, the platform doesn’t cater specifically to DeFi utilities.
Only open to European investors: Due to ICONOMI only being regulated in Europe, it does not cater for investors abroad (for example, US investors).
2) Eaglebrook
Eaglebrook is a leading crypto investment platform specifically designed for registered investment advisors (RIAs), and offers a bridge between wealth management and digital assets.
The platform provides RIAs and financial advisors with access to tax-optimized Bitcoin and Ethereum SMAs (separately managed accounts), as well as custom strategies managed by third-party investment managers like Bitwise and ARK Invest. By integrating with industry-leading platforms such as Addepar and Morningstar, Eaglebrook makes it easier for advisors to manage crypto holdings within a secure, unified ecosystem.
Pros
Tax-efficient strategies: Automated tax loss harvesting optimizes portfolios during market downturns, maximising tax benefits while maintaining long-term exposure to Bitcoin and Ethereum.
Institutional-grade security: Partnering with regulated custodians like Anchorage Digital and Gemini ensures the highest level of security for client assets.
Custom crypto portfolios: RIAs can create bespoke strategies, offering flexible, diversified exposure to Bitcoin, Ethereum, and other digital assets by way of notable names; such as Bitwise, ARK etc.
Deep technology integration: Seamless integration with major platforms like Addepar, Black Diamond, Morningstar, and Orion streamlines the investment process, allowing advisors to manage, model, and report on client portfolios easily.
In-kind transfers: Facilitates the transfer of held-away digital assets into Eaglebrook’s platform, enhancing portfolio transparency and ensuring alignment with estate and wealth planning.
Cons
Limited crypto investment options: Primarily focuses on Bitcoin and Ethereum with fewer altcoin options.
Geared toward high-net-worth clients: Best suited for RIAs serving high-net-worth investors rather than retail clients.
3) Talos
Talos is an advanced digital asset trading platform built specifically for institutional players, offering a comprehensive end-to-end solution for the entire crypto trade lifecycle.
Unlike platforms that are focused on retail investors, Talos is designed to meet the needs of hedge funds, banks, and asset managers, providing access to liquidity across exchanges and OTC desks through a single point of entry. By integrating seamlessly with prime brokers, custodians, and various trading venues, Talos supports institutions in everything from price discovery and execution to settlement and portfolio management.
The platform’s institutional-grade infrastructure ensures high-performance trading with low-latency execution, advanced analytics, and robust risk management features. With its white-labeled solutions, Talos also enables institutions to offer customised crypto trading experiences to their clients.
Pros
Comprehensive trade lifecycle support: From price discovery to execution, settlement, and portfolio management, Talos covers the full digital asset trading lifecycle.
Liquidity aggregation: Aggregates liquidity across exchanges and OTC desks, offering users the best price discovery through a single order book.
Institutional-grade security: Provides isolated and encrypted client environments with advanced auditing and permissioning features.
Global reach: Talos caters to institutions across three continents, with a presence in North America, Europe, and Asia, including an office in Singapore.
DeFi integration: The acquisition of Skolem allows Talos to offer seamless access to DeFi markets for institutional clients.
Deep integrations: Seamless integration with over 60 service providers, including CME, Cboe, Binance, and Coinbase.
Cons
Exclusively institutional: Talos does not cater to retail clients, focusing solely on institutional players.
Not the most user-friendly: Whilst offering powerful crypto asset management solutions, Talos is not ideal for new entrants coming into the market, and is designed more for experienced asset managers found at the top institutional firms.
Conclusion
In a rapidly evolving crypto market, choosing the right crypto asset management platform is essential for institutional, retail investors and wealth managers alike. Each of the platforms discussed—ICONOMI, Eaglebrook, and Talos—offers robust solutions, but they cater to different types of clients with varying needs and levels of expertise.
While Eaglebrook excels in providing tax-optimised SMAs for registered investment advisors, and Talos stands out as the premier institutional-grade platform for advanced trading and liquidity aggregation, ICONOMI emerges as the ideal solution for European investors. Its superior user-friendly interface, combined with its intuitive dashboard and easily accessible crypto strategies, makes it particularly well-suited for those who may not have extensive trading experience or accreditation. What's more, ICONOMI doesn’t discriminate based on investor status, offering a seamless, hands-off approach that allows both novice and seasoned investors to participate in the crypto space with ease.
Ultimately, the best platform will depend on your specific needs, whether that’s ease of use, advanced trading capabilities, or tax efficiency. But for European investors seeking simplicity without sacrificing power, ICONOMI’s blend of functionality and accessibility positions it as the top choice in 2024.
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