OKX enters into new partnership with Forteus and Komainu
27 November 2024 US
Image: VarunyuAi/stock.adobe.com OKX has entered into a tripartite agreement with Forteus, a digital asset management firm, and Komainu, a digital asset custody service provider.
This agreement is said to enable Forteus to trade 24/7 through the OKX platform while its assets are held in segregated custody with Komainu. Komainu also says it will offer custody services and cold storage for assets held on behalf of Forteus.
This three-part collaboration will also bring a host of benefits to clients, the companies say. These benefits include secure custody, efficient daily settlement, defined legal frameworks and optimised capital use.
"This collaboration with Komainu and Forteus exemplifies our commitment to solving the key challenges faced by institutional traders. By integrating secure, regulated custody with advanced trading capabilities and deep liquidity, we address issues like counterparty risk and asset mobility,” says OKX global chief commercial officer, Lennix Lai.
President of Forteus, Nicolas Vanhoutteghem, adds: “This off-exchange settlement solution represents a huge step forward in the mitigation of counterparty risk, which has been a key concern amongst investors looking to access the sources of alpha available in crypto markets.”
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