global 703 crypto positive
Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets, aiming to promote institutional adoption of digital assets. CoinShares will trade on the OKX exchange, while Komainu will hold the collateral assets as a third-party custody provider. This arrangement helps mitigate counterparty risks in trading transactions. The collaboration mirrors traditional financial market infrastructure, providing additional assurances to clients throughout their trading lifecycle. By addressing counterparty risks, the partnership aims to attract institutional traders and create a more reliable landscape for transacting in digital assets. The partnership also demonstrates CoinShares’ expertise in negotiating complex tripartite agreements, covering collateral, security, and legal risks, which are crucial for institutional investors.

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Information Details
Geography Global
Countries
Sentiment positive
Relevance Score 1
People Lennix Lai, Sebastian Widmann, Lewis Fellas
Companies CoinShares, Komainu, OKX, Cointelegraph
Currencies None
Securities None

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