DRIVE Verify Has Launched

DRIVE launches independent valuation service for crypto funds and ETF’s

Our proprietary technology delivers multi-venue consensus pricing for assets under management including Bitcoin.

IHSMarkit, a multibillion dollar financial information and services company, provides a similar service for traditional assets including stocks and bonds.

The DRIVE Verify service is a first for the crypto industry.

“Using a proprietary algorithm, DRIVE Verify calculates consensus pricing from mark-to-market pricing data from multiple venues. The result is an independent valuation, based on asset quantity that has taken much of the market order book into account”

Kate Hiscox, CEO at DRIVE.

Current venues include Coinbase, Binance, Bitfinex, Huobi and Kraken with support for Bitcoin, Ethereum, Litecoin, Bitcoin SV, Ripple and other popular assets against USD and USDT.

Security commissions including the SEC, IIROC and the FCA have cited market manipulation and independent valuation as some of the key hurdles faced by crypto ETF applicants. Fund Managers across the globe rely on services like DRIVE Verify for product control and risk management.

To learn more about the service, or sign up and begin using it today, visit driveverify.com

For more information, visit wearedrive.com and follow @DRIVEinsider on Twitter.