Komainu Anchors Secure Institutional Crypto Trading in Partnership with OKX and CoinShares

In a significant move aimed at fortifying the infrastructure for institutional crypto trading, OKX, a leading crypto exchange firm, has joined forces with Komainu and CoinShares.

According to a statement shared on November 15, this partnership is set to enable the seamless and continuous trading of segregated assets held for institutional clients.

The collaboration facilitates CoinShares in trading institutional assets on the OKX platform while ensuring custody through Komainu. This development underscores a crucial advancement in secure institutional crypto trading, underscoring the paramount importance of safeguarding assets to mitigate risks.

At its core, the partnership seeks to bridge institutional traders with top-tier trading platforms, placing a premium on operational transparency. By leveraging established custody, settlement, and liquidity practices, the collaboration aims to not only secure assets but also streamline transaction processes.

This initiative lays a solid foundation for a dependable and transparent trading environment tailored to meet the specific needs of institutional traders.

Lennix Lai, OKX’s Global Chief Commercial Officer, highlighted the role of this partnership in facilitating the inflow of institutional capital into the crypto market. He emphasized how this collaboration empowers traders to access OKX’s liquidity while ensuring the secure custody of assets through Komainu.

Expressing concerns over counterparty risks that often challenge institutional crypto traders, Lewis Fellas, CoinShares’ Head of Hedge Solutions, reiterated their ongoing collaboration with Komainu and OKX. The aim is to construct a robust structure that effectively mitigates risks while supporting high-volume trading activities.

Nicolas Bertrand, CEO of Komainu, hailed the collaboration as a pivotal step toward elevating digital asset custody solutions. He emphasized Komainu's commitment to contributing expertise in institutional-grade custody services within this three-way partnership.

It is worth noting that Komainu has received its operational license from VARA on August 18, 2023. This milestone comes after securing its MVP license in November of the previous year.

With the comprehensive licensing process now concluded with VARA, Komainu encompasses delivering institutional staking and collateral management via its Komainu Connect platform.