- OKX, Forteus, and Komainu collaborate to boost institutional cryptocurrency trading.
- Real-time collateral mirror increases liquidity and capital efficiency.
OKX serves as one of the world’s largest and most popular cryptocurrency exchanges. The company Forteus, specialized in asset management, and the reputable firm Komainu which provides regulated custody services partnered with the group. Combining the cutting-edge trading platforms of OKX, asset management experience by Forteus, and custodian services by Komainu ensures institutional trading will be secure as well as effective.
This agreement means Forteus can trade 24/7 on the OKX trading platform, all while their digital assets are safely held with Komainu, in segregated custody. This further helps make things fluid because of mirror balances, which aid in off-exchange settlement, so they are not continuously transferring funds between platforms to settle balances and hence reduce their risk exposure through counterparties.
Institutional Crypto Trading Revamp
Komainu is a well-known custodian for offering auditable, Nomura-backed solutions. The company will assist Forteus with asset cold storage. Such collaboration will help Forteus benefit from OKX’s deep liquidity pool through tapping spot OTC, futures spreads, and options trading without exposing the asset’s security. This will drastically boost the capital utilization, trading, and matched liquidity of institutional clients to Forteus.
This follows OKX’s earlier moves, such as in April 2023, when the company announced the Komainu Connect platform for collateralized trading free of holding assets with trading counterparties in a secure manner. Another one is strong institutional crypto trading through upgraded collateral management solutions and secure custody.
According to Forteus President Nicolas Vanhoutteghem, the partnership ensures a number of crucial institutional concerns, such as risks of counterparties, since it provides safe custody as well as 24/7 market access. As he added, this model provides safe asset custody through a regulated provider while ensuring 24/7 market access is a vital step for investors looking to cash in on crypto’s possibilities.
This fits perfectly with OKX’s overall strategy to expand its institutional products, a vision that is already in the process of taking shape through partnerships with such names as Komainu Connect and Standard Chartered, all centered on advanced custody and collateral management solutions. The Forteus partnership further strengthens this commitment, illustrating that OKX is seriously working towards making safe, holistic solutions for institutional investors in the crypto sphere.
