OKX has partnered with Forteus, a digital asset management firm, and Komainu, a regulated custody provider for digital assets, to deliver secure, efficient, and seamless trading solutions for institutional clients on the OKX platform.
On November 27, OKX’s institutional division announced a strategic partnership via an X post, emphasizing benefits like 24/7 trading access, regulated custody, and real-time collateral mirroring.
We’re pleased to announce a tripartite agreement between @OKX, @KomainuHQ and @numeusxyz for institutional trading:
1️⃣ 24/7 trading access on OKX
2️⃣ Regulated custody with Komainu
3️⃣ Off-exchange settlement
4️⃣ Real-time balance mirroring
Full details:… pic.twitter.com/LAqqOpWPfS— OKX Institutional (@OKXInsto) November 27, 2024
The collaboration builds on OKX’s integration with Komainu Connect, a collateral management platform launched in April 2023. This platform addresses counterparty risks by allowing users to trade securely without storing collateral with trading partners. Instead, clients can safeguard their assets in custody, ensuring peace of mind and regulatory compliance.
Under the agreement, Komainu will provide segregated custody services and cold storage for Forteus’s digital assets, ensuring secure storage while allowing continuous trading through OKX. This integration gives Forteus access to OKX’s trading tools, including the Liquid Marketplace for spot OTC trading, futures spreads, and options liquidity.
The collaboration introduces off-exchange settlement and real-time mirrored balances, eliminating the need for constant asset transfers. These features streamline institutional trading while ensuring compliance with regulatory standards.
By incorporating Komainu Connect into its platform, OKX offers institutional clients seamless trading of segregated assets held in custody, further enhancing liquidity and trading efficiency. These initiatives aim to improve liquidity, optimize capital use, and strengthen institutional confidence in crypto markets.
In a recent development, OKX named UK banking giant Standard Chartered its third-party custodian for institutional services. According to Lennix Lai, OKX’s Global Chief Commercial Officer, the partnership will leverage Standard Chartered’s extensive cross-border banking capabilities to connect OKX with diverse global markets. Lai emphasized the growing demand for segregation between trade execution and asset custody, as highlighted in an OKX-commissioned report by Economist Impact. “OKX is here to meet that demand with world-class partners like Standard Chartered,” Lai stated.
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