OKX, the
world’s second-largest crypto exchange , has announced its integration with
Komainu Connect, a collateral management platform. This partnership will allow
institutional customers to execute secure, around-the-clock trading of
segregated assets under custody.
Komainu, a
regulated digital asset custody service provider, launched the Connect platform
in April 2023 to mitigate counterparty risks for clients. The service
eliminates the need for customers to store collateral with trading partners,
instead offering them the ability to keep assets in safe custody.
OKX’s
collaboration with Komainu is set to bridge the gap between secure custodial
services and continuous investment opportunities. The arrangement allows for
increased trust and innovation in the digital asset landscape, marking an
important step toward providing secure and compliant digital asset custody
solutions.
“We’re
paving the way for a new era of trust and innovation in the industry,” Nicolas
Bertrand, the CEO at Komainu, commented. “The combination of OKX’s reputation
as a leading cryptocurrency exchange and our expertise in providing
institutional-grade custody services is what makes this partnership strategic.”
The Head of
Komainu strategy, Sebastian Widmann, underscored the rapid emergence of
Komainu Connect as a premier collateral management solution. He noted that the
partnership with OKX serves as a testament to the platform’s strong infrastructure
and dedicated expertise.
Secure Crypto Trading for
Institutions
The
off-exchange settlement and tripartite mirroring solution provided through this
collaboration signals a significant advancement for large-scale institutional
crypto traders. They will have immediate access to OKX’s market-leading
portfolio margin account mode and liquid markets, offering a unique combination
of security and convenience.
The
partnership will ensure the safety of institutional assets and enable immediate
access to investment opportunities, as pointed by Lennix Lai, the Global Chief
Commercial Officer at OKX. In the first quarter of 2023, OKX’s on-demand
liquidity network aimed at institutional clients, called Liquid Markets,
reached more than $1 billion in trading volumes.
“Institutions
need peace of mind knowing their assets are safe with a leading custodian while
retaining their ability to capitalize on investment opportunities. That’s why
we are delighted to partner with Komainu,” Lai added.
Since its
establishment in 2018, Komainu has committed to providing secure and compliant
custody services for digital asset investments. The firm currently serves a
broad range of clients, including exchanges and financial institutions.
OKX Eyes New Jurisdictions
Recently, OKX applied for a French digital asset service provider (DASP) license. The company’s objective is to establish the country as its regional hub. The news came a month after the establishment of local subsidiary, OKX France and registration with the Autorité des Marchés Financiers (AMF). This
move aims to ensure compliance with European laws and enable the exchange to
provide a comprehensive range of products and services in the European market.
In addition
to expanding its presence in France, OKX is actively establishing itself in
various regions worldwide. Now, the crypto exchange is planning to apply for a digital
asset license in Hong Kong. Furthermore, OKX has already inaugurated an office
in the Chinese self-administrative region.
In the
latest update, the platform published an updated Proof of Reserves (PoR)
report, showing $10 billion in collateral for BTC, ETH and USDT.
OKX, the
world’s second-largest crypto exchange , has announced its integration with
Komainu Connect, a collateral management platform. This partnership will allow
institutional customers to execute secure, around-the-clock trading of
segregated assets under custody.
Komainu, a
regulated digital asset custody service provider, launched the Connect platform
in April 2023 to mitigate counterparty risks for clients. The service
eliminates the need for customers to store collateral with trading partners,
instead offering them the ability to keep assets in safe custody.
OKX’s
collaboration with Komainu is set to bridge the gap between secure custodial
services and continuous investment opportunities. The arrangement allows for
increased trust and innovation in the digital asset landscape, marking an
important step toward providing secure and compliant digital asset custody
solutions.
“We’re
paving the way for a new era of trust and innovation in the industry,” Nicolas
Bertrand, the CEO at Komainu, commented. “The combination of OKX’s reputation
as a leading cryptocurrency exchange and our expertise in providing
institutional-grade custody services is what makes this partnership strategic.”
The Head of
Komainu strategy, Sebastian Widmann, underscored the rapid emergence of
Komainu Connect as a premier collateral management solution. He noted that the
partnership with OKX serves as a testament to the platform’s strong infrastructure
and dedicated expertise.
Secure Crypto Trading for
Institutions
The
off-exchange settlement and tripartite mirroring solution provided through this
collaboration signals a significant advancement for large-scale institutional
crypto traders. They will have immediate access to OKX’s market-leading
portfolio margin account mode and liquid markets, offering a unique combination
of security and convenience.
The
partnership will ensure the safety of institutional assets and enable immediate
access to investment opportunities, as pointed by Lennix Lai, the Global Chief
Commercial Officer at OKX. In the first quarter of 2023, OKX’s on-demand
liquidity network aimed at institutional clients, called Liquid Markets,
reached more than $1 billion in trading volumes.
“Institutions
need peace of mind knowing their assets are safe with a leading custodian while
retaining their ability to capitalize on investment opportunities. That’s why
we are delighted to partner with Komainu,” Lai added.
Since its
establishment in 2018, Komainu has committed to providing secure and compliant
custody services for digital asset investments. The firm currently serves a
broad range of clients, including exchanges and financial institutions.
OKX Eyes New Jurisdictions
Recently, OKX applied for a French digital asset service provider (DASP) license. The company’s objective is to establish the country as its regional hub. The news came a month after the establishment of local subsidiary, OKX France and registration with the Autorité des Marchés Financiers (AMF). This
move aims to ensure compliance with European laws and enable the exchange to
provide a comprehensive range of products and services in the European market.
In addition
to expanding its presence in France, OKX is actively establishing itself in
various regions worldwide. Now, the crypto exchange is planning to apply for a digital
asset license in Hong Kong. Furthermore, OKX has already inaugurated an office
in the Chinese self-administrative region.
In the
latest update, the platform published an updated Proof of Reserves (PoR)
report, showing $10 billion in collateral for BTC, ETH and USDT.
