OKX, Forteus, and Komainu Collaborate for 24/7 Institutional Crypto Trading

OKX has announced a partnership with Forteus, a digital
asset management firm, and Komainu, a regulated digital asset custody provider.
This agreement enables Forteus to trade continuously on the OKX platform while
its assets remain securely held in segregated custody with Komainu.

Custody Secures Crypto Trading

Under the terms of the arrangement, Komainu will provide
qualified custody services and cold storage for Forteus’s digital assets. The
system allows for off-exchange settlement and mirrored balances, ensuring
institutional traders can access OKX’s trading solutions without transferring
assets between platforms.

These services include the Liquid Marketplace, a
network for spot OTC, futures spreads, and options liquidity.

Earlier, OKX
announced the selection of Standard Chartered as a third-party crypto
custodian for its global institutional operations, as reported by Finance Magnates. Standard
Chartered offers cross-border financial services connecting international
markets.

The collaboration expands OKX’s institutional services,
which include trading tools, risk management resources, and custody options.
OKX aims to utilize Standard Chartered’s expertise in global banking and risk
management to enhance its custody solutions for institutional clients.

Liquidity Enhanced Through Custody

The collaboration offers several advantages for
institutional traders. Assets are securely stored by Komainu, an independent
custodian, ensuring compliance with regulatory standards.

Forteus gains the ability to trade at any time, supported by
efficient settlement processes that eliminate the need for constant asset
transfers.

Legal frameworks define responsibilities and dispute resolution,
promoting confidence in the arrangement. Additionally, real-time collateral
mirroring enhances liquidity and trading efficiency, optimizing capital use.

This partnership builds on OKX’s June 2023 announcement of
its integration with Komainu Connect, a collateral management platform launched
in April 2023. Komainu Connect allows institutional clients to trade securely
without holding collateral with trading counterparties.

This article was written by Tareq Sikder at www.financemagnates.com.