In an effort to increase its presence in the growing market of digital assets, Nasdaq-listed Cowen Inc. announced today that the company has launched its digital asset division. Cowen Digital LLC will be based in Stamford, Connecticut.
Through the new division, Cowen is planning to facilitate institutional investors with efficient trading and custody solutions. Additionally, the company has formed a partnership with PolySign’s Standard Custody & Trust for custody solutions.
According to the details shared by Cowen, the company worked on the development of the infrastructure and systems essential for the launch of Cowen Digital in the past 15 months. Moreover, Cowen highlighted the need for a secure and compliant digital asset ecosystem.
“Through Cowen Digital, our clients now have access to the crypto and digital asset markets with our institutional quality and fully integrated end-to-end execution and custody capabilities,” said Jeffrey M. Solomon, Cowen’s Chair and Chief Executive Officer. “Cowen is committed to outperforming for its clients by staying at the forefront of innovation.”
Institutional interest in digital assets has increased substantially during the past few years. Amid growing adoption, several prominent global organizations introduced crypto-related services to enter into the emerging ecosystem. In December 2021, Visa introduced crypto consulting services.
Cowen Digital
Cowen Digital is a wholly-owned subsidiary of Cowen Inc. the new division allows institutional investors to access the aggregated liquidity of Cowen via one trusted counterparty. Additionally, the solution will enable institutional investors to trade directly from Standard Custody’s cold storage solution.
“We are very pleased to publicly announce Cowen Digital, which has been trading crypto on behalf of our clients for several months. In conjunction with our integrated partners Standard Custody and prime brokerage solutions provider, Digital Prime Technologies, Cowen Digital provides our institutional client base with the same dedicated level of thought leadership, product capability, service and professionalism they have come to expect from Cowen,” Dan Charney, the Co-President of Cowen and Company, said.
