ACBM selects Koine as digital asset provider 18 August 2020London Reporter: Maddie Saghir
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Koine, the provider of segregated, institutional custody and settlement services for digital assets, has partnered with ARIE Capital Investment Mauritius (ACBM).
The partnership will allow ACBM to offer a complete digital banking service for fiat and digital assets.
Additionally, the new relationship is set to add to ACBM’s financial and banking services.
ACBM’s international client base will benefit from Koine’s post-trade custody and settlement solution, allowing clients to see their fiat and digital holdings in one ledger through the ACBM platform.
Licensed by the UK’s Financial Conduct Authority as an Electronic Money Institution for the issuance of electronic money, Koine is specifically designed for institutional investors to mitigate counterparty, insolvency and credit risks from trading on exchanges.
Hugh Hughes, chair and CEO at Koine, said: “We are pleased to be working with ACBM, enabling the bank to utilise our FCA regulated eco-system for its clients’ custody and settlement needs. At Koine, our focus has always been to drive the adoption of digital assets within institutional finance, and working with the world’s first regulated, digitally native investment bank is an important step.”
Simon Tobelem, group CEO at ACBM, added: “When we looked for a digital asset provider, it was extremely important that they shared the same connected, most secure and evolutionary technology to serve our international client base. Koine fits that profile perfectly. ACBM’s vision is to make banking accessible and cost-effective with a modular, intuitive and customisable platform, and using Koine’s services is a strong additional step to making sure that we serve our clients as seamlessly as possible.”
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