To accelerate the institutional adoption of cryptocurrencies, crypto exchange OKX has strategically allied with Komainu, a custody service, and CoinShares, an investment manager. This partnership enables round-the-clock trading of separate assets, underpinned by robust security protocols and minimized counterparty risks.
As announced on November 15, CoinShares can now trade on the OKX platform with Komainu safeguarding the collateral assets. This arrangement not only heightens the appeal of digital assets to institutional investors but also provides unparalleled transparency and clarity to the obligations and remediation mechanisms within this ecosystem.
Lennix Lai, the International Chief Commercial Officer at OKX, is hopeful that such inventive solutions will spur the flow of institutional money into the crypto markets. The OKX, Komainu, and CoinShares partnership aims to tackle the significant issue of counterparty risk for institutional investors stepping into the crypto markets, by implementing solid legal structures and procedures.
This collaboration enhances OKX’s prior partnership with Komainu in June 2023, through the Komainu Connect platform. Nicolas Bertrand, the CEO at Komainu, expressed his approval of this three-party agreement, saying it resonates with their goal of creating more reliable crypto markets.