OKX is a leading cryptocurrency exchange and Web3 technology company. It has partnered with Komainu, a regulated digital asset custody provider, and CoinShares, a leading European alternative asset manager with digital asset experience. This collaboration is to alter institutional cryptocurrency trading. It seeks to address counterparty risk and increase institutional investor adoption of cryptocurrencies.
CoinShares Gains Trading Access on OKX Through Strategic Agreement
This agreement allows CoinShares to trade on OKX, while Komainu secures crypto funds in segregated custody. This strategic relationship reduces counterparty risks and connects institutional traders to high-quality trading platforms. Establishing comprehensive frameworks that follow industry best practices for custody, settlement, and liquidity clarifies rights, duties, and redress.
This alliance aims to improve asset security and transaction efficiency. The cooperation aims to build a trustworthy and transparent trading environment, especially for institutional traders. OKX Global Chief Commercial Officer Lennix Lai stressed the importance of pioneering solutions like this in attracting institutional money to cryptocurrency marketplaces. The agreement allows traders to use OKX’s popular markets while protecting their funds with Komainu, a regulated custodian.
Lewis Fellas, CoinShares’ Head of Hedge Fund Solutions, noted that institutional investors are concerned about counterparty risk while trading cryptocurrencies on exchanges. This collaborative initiative solves the problem by creating a legal framework, procedures, and methods to reduce counterparty risk and enable large-scale trading. The collaboration shows risk management expertise and adds value to clients.
Tripartite Alliance Resolves Counterparty Risk, Strengthens Institutional Crypto Involvement
Nicolas Bertrand, Komainu’s CEO, stressed the importance of this relationship in delivering digital asset custody solutions. The speaker stressed institutional-grade detention services in this tripartite agreement. This emphasis supports the goal of creating more trustworthy crypto marketplaces. Komainu partnered with OKX and joined Komainu Connect in June 2023. This partnership laid the groundwork for the CoinShares tripartite deal.
The collaboration shows that all three institutions are committed to innovation and risk management for digital assets. The statement above helps resolve counterparty risk and strengthens institutional involvement in crypto markets.
OKX, Komainu, and CoinShares’ alliance is a major step toward institutional acceptance of digital currencies. Integrating information from many fields creates a secure and transparent trading environment, paving the road for cryptocurrency market growth.
