Gate.io latest to join Komainu Connect 17 October 2023Jersey Reporter: Lucy Carter
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Digital asset exchange Gate.io has joined Komainu Connect, the collateral management platform from digital asset custody service provider Komainu.
Komainu Connect aims to reduce client counterparty risk by providing asset custody, removing the need for clients to store with trading counterparties. It was launched in April 2023.
By joining the platform, Gate.io will be able to give its institutional investors the ability to trade on the exchange without transferring their assets, which will be held by Komainu. This will facilitate a more secure and independent investment experience, the companies say.
Lin Han, founder and CEO of Gate.io, comments: “Gate.io prioritises safety and security for our clients. One of the solutions we offer is enabling our clients to better safeguard their assets. We have been committed to promoting our clients' confidence by leading the industry in publishing 100 per cent audited proof-of-reserve reports and making our on-chain wallet holdings available for public viewing. We share the same goal with Komainu.”
Darren Jordan, head of sales at Komainu, says: “With the addition of Gate.io and a healthy pipeline of participants, we will continue to provide a vibrant and evolving offering for our clients.”
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