St. Helier, Jersey, September 13, 2023 – Komainu, a regulated digital asset custody service provider built by institutions for institutions, today announced that Hidden Road, the global credit network for institutions, has joined its collateral management platform -- Komainu Connect. Hidden Road marks the first provider offering digital prime brokerage services to join this ecosystem, enabling the leverage of digital assets in collateralization scenarios whilst assets remain in secure, regulated custody.
Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading and liquidity counterparties while offering the ability to keep assets in safe custody instead. This key addition to the growing roster of Komainu Connect partners comes on the heels of leading global crypto exchange OKX recently joining the platform.
Nicolas Bertrand, CEO at Komainu, said: “Hidden Road is a key addition to our expanding collateral management network, representing another piece of the puzzle in bringing this much needed and institutional grade offering to the digital asset marketplace.”
Michael Higgins, Global Head of Business Development at Hidden Road, said: “As we build out our offering to counterparties trading in traditional and digital assets, Hidden Road continues to cultivate partners that enable efficient and mature workflows with robust, modern approaches to risk and compliance. Thanks to its focus on security and regulation, Komainu Connect has the potential to unlock additional volume in institutional digital asset trading, and is a natural addition to our partner network.”
Komainu was established in 2018 to provide institutions with a secure and compliant custody service for investment in digital assets. Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.
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Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.com
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