2023-6-7 23:33 |
OKX, the world’s second-largest cryptocurrency exchange, has joined forces with Komainu, a regulated digital asset custody service provider, to leverage the capabilities of Komainu Connect. This collateral management platform revolutionizes the industry by enabling institutional customers to engage in secure round-the-clock trading of segregated assets under custody through the OKX platform.
This collaboration between OKX and Komainu enhances the safety and security of institutional customers’ assets and introduces an off-exchange settlement and tripartite mirroring solution. This pioneering solution provides large-scale institutional crypto traders immediate access to OKX’s market-leading portfolio margin account mode and liquid markets. Established in 2018, Komainu has gained a reputation for reliable, secure and compliant custody services for institutions looking to invest in digital assets, serving a distinguished clientele, including exchanges, financial institutions, asset managers, corporations, and government agencies.
Komainu Connect Facilitates Secured Trading Solutions for InstitutionsKomainu Connect, on the other hand, was launched in April 2023; it aims to mitigate client counterparty risk by eliminating the necessity of storing collateral with trading counterparts. Instead, it offers the option to keep assets in custody securely. Nicolas Bertrand, CEO of Komainu, expressed enthusiasm about this strategic alliance, considering it a significant milestone in their mission to deliver secure and compliant digital asset custody solutions. By combining the industry reputation of OKX as a leading cryptocurrency exchange with Komainu’s expertise in institutional-grade custody services, they strive to usher in an era of trust and innovation.
Sebastian Widmann, Head of Strategy at Komainu, emphasized the rapid emergence of Komainu Connect as the leading collateral management solution. The partnership with one of the world’s largest crypto exchanges validates the platform’s infrastructure and expertise, focusing on seamless execution for all parties involved.
Renowned for its commitment to transparency and security, OKX, a world-leading technology company and crypto trading platform, offers a suite of self-custody solutions. The Web3-compatible OKX Wallet empowers users with greater control over their assets while expanding access to decentralized exchanges (DEXs), NFT marketplaces, decentralized finance (DeFi) platforms, GameFi projects, and thousands of decentralized applications (dApps).
Lennix Lai, Global Chief Commercial Officer at OKX, underscored the importance of institutional investors having peace of mind, knowing their assets are secure with a trusted custodian while retaining the ability to capitalize on investment opportunities. Lai expressed delight in partnering with Komainu, as it enables investors to keep their assets secure without compromising potential returns.
The collaboration between OKX and Komainu exemplifies the integration of traditional financial services with cutting-edge security standards. Together, they shape the next generation of institutional custody solutions, ensuring the safety and growth of digital assets for their institutional clientele.
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