Hidden Road Joins Komainu
Posted by Colin Lambert. Last updated: September 14, 2023
Digital asset custody service provider Komainu has announced that credit network Hidden Road has joined its collateral management platform Komainu Connect.
Komainu says Hidden Road is the first provider offering digital prime brokerage services to join this ecosystem, enabling the leverage of digital assets in collateralisation scenarios whilst assets remain in regulated custody.
Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading and liquidity counterparties while offering the ability to keep assets in safe custody instead. The addition of Hidden Road comes after crypto exchange OKX also joined the platform.
to the growing roster of Komainu Connect partners comes on the heels of leading global
“Hidden Road is a key addition to our expanding collateral management network, representing another piece of the puzzle in bringing this much needed and institutional grade offering to the digital asset marketplace,” says Nicolas Bertrand, CEO at Komainu.
Michael Higgins, global head of business development at Hidden Road, adds, “As we build out our offering to counterparties trading in traditional and digital assets, Hidden Road continues to cultivate partners that enable efficient and mature workflows with robust, modern approaches to risk and compliance. Thanks to its focus on security and regulation, Komainu Connect has the potential to unlock additional volume in institutional digital asset trading, and is a natural addition to our partner network.”