Global cryptocurrency exchange OKX, ranked second by trading volume and a leading Web3 technology company, has announced a strategic partnership with regulated virtual asset custodian Komainu. This collaboration integrates OKX with Komainu Connect—a collateral management platform—to enable institutional clients to trade isolated custody assets securely 24/7 through OKX.
Key Benefits of the Partnership
- 24/7 Secure Trading: Institutions can now execute trades around the clock while maintaining asset segregation.
- Reduced Counterparty Risk: Komainu Connect eliminates the need to store collateral with trading counterparts, enhancing security.
- Regulatory Compliance: Combines OKX's exchange infrastructure with Komainu's regulated custody solutions.
Executive Insights
Nicolas Bertrand, CEO of Komainu
"Our mission to provide secure, compliant custody solutions reaches a milestone with OKX. Partnering with a top-tier exchange like OKX, alongside our institutional custody expertise, paves the way for a new era of trust and innovation in crypto."
Sebastian Widmann, Head of Strategy at Komainu
"Komainu Connect is emerging as the leading collateral management solution. This collaboration validates our ability to bridge seamless connectivity between institutional players."
Lennix Lai, Global Chief Commercial Officer at OKX
"Asset safety is paramount for investors. By partnering with Komainu, institutions gain peace of mind knowing their funds are secured by a premier custodian while retaining trading flexibility."
About Komainu
- Background: Founded in 2018 by Nomura, CoinShares, and Ledger; launched in June 2020.
- Regulation: Overseen by Jersey Financial Services Commission (JFSC) and Dubai’s Virtual Assets Regulatory Authority (VARA).
- Global Reach: Headquartered in Jersey with offices in London, Dublin, Dubai, and Singapore.
Komainu Connect
Launched in April 2023, this platform streamlines collateral management by:
- Removing counterparty collateral storage requirements.
- Offering secure asset custody to mitigate trading risks.
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FAQ Section
Why is this partnership significant for institutional traders?
It combines OKX’s liquidity with Komainu’s custody infrastructure, enabling secure, large-scale trades with segregated assets.
How does Komainu Connect reduce risk?
By holding assets in isolation and eliminating the need to transfer collateral to third parties.
What regulatory standards does Komainu meet?
Full compliance with JFSC and VARA regulations ensures robust oversight.
About OKX
A top-tier crypto exchange and Web3 pioneer, OKX offers:
- OKX Wallet: A self-custody solution supporting thousands of dApps.
- Partnerships: Includes Manchester City FC, McLaren Racing, and F1 driver Daniel Ricciardo.
- Transparency: Monthly Proof-of-Reserves reports.
Contact: [email protected]
Disclaimer: This announcement is informational only and does not constitute financial or legal advice. Virtual asset trading involves high risk; users should assess their financial capacity before participating.