- OKX, CoinShares, and Komainu have joined forces to enable 24/7 trading on the OKX platform while safeguarding assets in segregated custody.
- This collaboration enhances institutional crypto trading by mitigating counterparty risks and establishing clear frameworks for traders, ensuring a more secure and transparent environment.
In a groundbreaking development, OKX, a renowned cryptocurrency exchange and Web3 technology company has partnered with Komainu, a regulated digital asset custody service provider, and CoinShares, a leading European alternative asset manager specializing in digital assets. This partnership has been designed to empower CoinShares to execute 24/7 trading on the OKX platform while ensuring that assets remain securely segregated with Komainu.
Revolutionizing Institutional Crypto Trading
This collaboration represents a pivotal moment in the world of institutional crypto trading. It addresses the primary concern of institutional investors – counterparty risk – by enlisting the services of Komainu as a trusted third-party custodian. The partnership goes beyond mere trading, as it establishes robust frameworks that define the rights, responsibilities, and mechanisms for addressing grievances, creating a safer trading environment for institutional players.
Lennix Lai, Global Chief Commercial Officer at OKX, emphasized the significance of this innovative solution, stating that it paves the way for a new wave of institutional capital into the crypto markets. Traders can now access OKX’s highly liquid markets with confidence, knowing that their assets are in the hands of Komainu, a regulated custodian.
Lewis Fellas, Head of Hedge Fund Solutions at CoinShares, highlighted the critical role of counterparty risk in crypto trading and how it has been a major barrier to institutional participation. The partnership between OKX, Komainu, and CoinShares has resulted in a comprehensive legal structure and processes to mitigate this risk while enabling high-volume trading.
Nicolas Bertrand, CEO at Komainu, expressed the importance of this collaboration in their mission to offer digital asset custody solutions. The partnership is a significant step forward, ensuring that digital assets are held securely while enabling institutional investors to participate in the crypto markets with confidence.
The partnership between OKX, CoinShares, and Komainu represents a major advancement in institutional crypto trading. By addressing counterparty risk and establishing clear frameworks, this collaboration creates a more secure and transparent environment, ultimately benefiting institutional investors looking to venture into the crypto space.
