OKX extends partnership with Komainu
05 November 2024 Dubai
Image: Gajus/stock.adobe.com
OKX have expanded their partnership with Komainu in a bid to offer institutional clients an enhanced off-exchange custody solution.
OKX previously partnered with Komainu in June 2023 to provide a secure off-exchange settlement solution to financial institutions. This latest enhancement is said to include automated settlement, 24 hour collateral adjustment, and greater scale and support for derivatives transactions on OKX.
These newest improvements aim to provide clients with better security for their digital assets as well as manage their counterparty risk.
Global chief commercial officer at OKX, Lennix Lai, comments: "Our expanded partnership with Komainu combines their regulated custodial services with our robust trading infrastructure and deep liquidity to offer greater scale and support for off-exchange custody clients who execute spot and derivatives transactions on our platform.”
Paul Frost-Smith, co-CEO at Komainu, adds: "This collaboration is testament to our mission of providing secure and compliant digital asset servicing solutions."
OKX previously partnered with Komainu in June 2023 to provide a secure off-exchange settlement solution to financial institutions. This latest enhancement is said to include automated settlement, 24 hour collateral adjustment, and greater scale and support for derivatives transactions on OKX.
These newest improvements aim to provide clients with better security for their digital assets as well as manage their counterparty risk.
Global chief commercial officer at OKX, Lennix Lai, comments: "Our expanded partnership with Komainu combines their regulated custodial services with our robust trading infrastructure and deep liquidity to offer greater scale and support for off-exchange custody clients who execute spot and derivatives transactions on our platform.”
Paul Frost-Smith, co-CEO at Komainu, adds: "This collaboration is testament to our mission of providing secure and compliant digital asset servicing solutions."
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