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We've Expanded our Partnership with Komainu to Offer an Enhanced Off-Exchange Custody Solution to Institutional Clients

OKX Learn
OKX Learn
Published on 05 Nov 2024
Updated on 05 Nov 2024
2 min read

We are proud to announce that we've worked with Komainu, a leading regulated digital asset service provider and custodian, built by institutions for institutions, to unveil an expansion of our partnership to offer institutional clients an enhanced off-exchange custody solution, further boosting the security of their digital assets.

In June of last year, we joined Komainu's collateral management platform, Komainu Connect, to offer a secure off-exchange settlement solution for institutional clients. This solution allows institutional clients to trade segregated assets under custody through our platform 24/7. By providing them with the ability to store assets with a regulated third-party custodian, whilst trading on our platform, this solution allows clients to better manage their counterparty risk. The latest enhancements to our off-exchange solution now include the following improvements for institutional clients:

  • Greater scale and support: Supporting both spot and derivatives transactions

  • Automated settlement: Client profit and losses are settled automatically between our platform and the client’s collateral wallet in Komainu, enhancing capital efficiency and further reducing counterparty risk

  • 24/7 collateral adjustment: Users have the ability to adjust the amount of collateral delegated to our platform from the client's regulated collateral wallet, held in Komainu's custody. Delegation is available 24/7 from the Komainu portal

  • Detailed transaction and settlement history: Clients can access this information through the Komainu portal

  • Holistic view of custody and collateral wallets: Providing improved audit capabilities by consolidating relevant information in one place

With the continued influx of institutional traders in the crypto space, our off-exchange solution has attracted a range of digital asset firms seeking an innovative and secure way to trade our products. Available 24/7, this solution offers clients optimized capital use through real-time collateral mirroring and intraday settlement modes, enhancing liquidity and trading efficiency.

On November 15, 2023, we announced our collaboration with Komainu, which included CoinShares, a leading European alternative asset manager specializing in digital assets, as the first client, empowering CoinShares to conduct 24/7 trading through our platform while assets are held in segregated custody with Komainu.

We believe this enhanced custody solution delivers the highest levels of security and efficiency to institutional clients, combining Komainu's regulated custodial services with our robust trading infrastructure and deep liquidity.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. No responsibility or liability is accepted for any errors of fact or omission expressed in this content. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
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