ST HELLIER, Jersey, June 6, 2023, Chainwire
OKAYthe world’s second largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset storage service provider Everythingtoday announced that OKX has joined the collateral management platform Komainu Connect, which enables institutional customers to trade segregated assets securely 24/7 via the OKX platform.
Launched in April 2023, Komainu Connect reduces client counterparty risk by eliminating the need to hold collateral with trading partners, and instead offers the ability to store assets in safe custody.
Nicolas Bertrand, CEO at Komainu, said: “This strategic partnership marks a milestone in our mission to provide secure and compliant digital asset storage solutions. OKX’s reputation as a leading cryptocurrency exchange, combined with our expertise in institutional-grade custodial services paved the way for a new era of trust and innovation in the industry.”
Sebastian Widmann, Head of Strategy at Komainu, said: “Komainu Connect has quickly emerged as the leading collateral management solution. Partnering with one of the largest crypto exchanges in the world is a testament to the infrastructure and expertise committed to this service and our focus remains on seamless execution for all parties.”
Lennix Lai, Head of Global Commercials at OKX, said: “Institutions need the peace of mind that comes with knowing their assets are held securely with a reputable custodian, while retaining their ability to capitalize when investment opportunities arise. That’s why we’re excited to be partnering with Komainu to allow investors a way to keep their assets safe without sacrificing returns.”
Off-exchange settlement and tripartite mirroring solutions are a significant step forward for large-scale institutional crypto traders who need direct access to OKX’s market-leading portfolio margin account modes and liquid markets.
Komainu was founded in 2018 to provide institutions with safe and suitable custodial services for investments in digital assets. Launched in June 2020, Komainu currently stores assets for exchanges, financial institutions, asset managers, companies and government agencies.
Find out more why institutions choose OKX Here.
OKX is the world’s leading technology company building the future of Web3. Known as the most reliable crypto trading platform for traders, OKX crypto exchange is the second largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control over their assets while expanding access to DEX, NFT marketplaces, DeFi, GameFi, and thousands of dApps.
OKX partners with some of the world’s top brands and athletes, including Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes Proof of Reserves every month.
To learn more about OKX, download the OKX app or visit: okx.com
Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security firm Ledger. Offering multi-asset support with regulatory compliance, Komainu combines traditional financial services with leading security standards for the next generation of institutional custodians. Headquartered in Jersey and with offices in London, Dublin, Dubai and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and the Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.com
Media Contact: Armel Leslie, Peaks Strategies, +1 (914) 320-7620, firstname.lastname@example.org
This announcement is provided for informational purposes only. It is not intended to provide any kind of investment, tax, or legal advice, nor should it be construed as an offer to buy, sell, or hold digital assets. Digital assets, including stablecoins, involve a high level of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is right for you given your financial situation. Please consult your legal/tax/investment professional for questions about your particular circumstances.