Partnership to Accelerate Institutional Adoption of Digital Assets

OKX, Komainu, and CoinShares have formed a strategic partnership to accelerate the institutional adoption of digital assets. The alliance aims to enable round-the-clock trading of segregated assets, enhance security measures, and mitigate counterparty risks.

Collaboration Details

According to a November 15 press release, CoinShares will actively trade on the OKX exchange with Komainu overseeing the secure storage of collateral assets. This collaboration aims to make digital assets more appealing to institutional traders and provide transparency and clarity within the ecosystem.

Lennix Lai, Global Chief Commercial Officer at OKX, believes that this innovative solution will attract the next wave of institutional capital into the crypto markets. He stated, “We’ve worked with Komainu and CoinShares to find a solution that mitigates counterparty risk while maximizing upside for traders.”

Addressing Counterparty Risk

One of the most significant challenges for institutional investors entering the crypto markets is counterparty risk. The partnership aims to implement a robust legal structure and processes to address this concern and facilitate high-volume trading.

OKX’s Previous Collaboration with Komainu

OKX previously collaborated with Komainu in June 2023 when they joined the Komainu Connect platform. This earlier partnership laid the foundation for the tripartite agreement and aimed to minimize client counterparty risk by providing secure custody solutions.

Nicolas Bertrand, CEO at Komainu, expressed satisfaction with the collaboration, stating, “We are very pleased to contribute our expertise in institutional-grade custody services to this tripartite agreement, which advances our vision of achieving more trusted crypto markets in collaboration with OKX and CoinShares.”

See also  Bitcoin Depot, BTC ATM Operator, Joins Nasdaq This Week

### News source:

By Team