OKX Joins Komainu Platform
Posted by Colin Lambert. Last updated: June 7, 2023
Crypto exchange OKX has joined the collateral management platform of Komainu, Connect, enabling customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.
Launched in April of 2023, Komainu Connect was a response to the fallout after the FTX collapse, and is aimed at reducing client counterparty risk by removing the need to store collateral with trading counterparties, and offering the ability to keep assets in safe custody instead.
“This strategic partnership marks a milestone in our mission to provide secure and compliant digital asset custody solutions,” claims Nicolas Bertrand, CEO at Komainu. “OKX’s reputation as a leading cryptocurrency exchange, combined with our expertise in institutional-grade custody services is paving the way for a new era of trust and innovation in the industry.”
Lennix Lai, global chief commercial officer at OKX, adds, “Institutions need the peace of mind that comes with knowing their assets are being kept safe with a leading custodian, while retaining their ability to capitalize when investment opportunities arise.”