Forteus, a leading digital asset management firm, and Komainu, a trusted digital asset custody provider, have partnered with OKX, enabling institutional clients to enjoy 24/7 trading access on the platform.
In a recent announcement on X, OKX revealed that Komainu would handle custody services and cold storage for Forteus’s digital assets, ensuring secure and seamless trading for institutional clients.
Key Features of the Partnership
The collaboration includes several advanced features tailored for institutional trading:
- Off-Exchange Settlement: Institutional traders can leverage OKX’s advanced trading solutions without transferring assets between platforms.
- Mirrored Balances: Real-time collateral mirroring enhances liquidity and capital efficiency, making trading more streamlined.
- Access to OKX Liquid Marketplace: Institutions gain liquidity for spot OTC, futures spreads, and options through OKX’s Liquid Marketplace.
This setup builds on OKX’s integration with Komainu Connect, launched in April 2023. The platform allows institutional clients to trade securely without directly holding collateral with trading counterparties.
Benefits for Institutional Traders
The partnership enhances OKX’s institutional services by combining robust security with efficient trading access:
- Regulated Custody: Komainu’s independent custody ensures strict regulatory compliance for asset management.
- Around-the-Clock Trading: Forteus can execute trades 24/7, supported by optimized settlement processes that minimize asset transfers.
- Improved Liquidity: Real-time balance mirroring and seamless off-exchange settlement improve capital efficiency and trading performance.
OKX Expands Global Presence
The partnership aligns with OKX’s broader strategy to expand its institutional and global offerings:
- Dutch Market Entry: Earlier this year, OKX entered the Dutch market and announced Malta as its EU regulatory hub due to its progressive stance on blockchain and cryptocurrencies.
- Singapore MPI License: OKX secured a Major Payment Institution (MPI) license in Singapore, allowing it to offer a broader range of financial services, including high-volume payments.
- Australia Launch: In May, OKX debuted spot trading for Australian users and derivatives trading for verified wholesale clients.
- Standard Chartered Partnership: OKX partnered with Standard Chartered to enhance institutional custody services, further solidifying its commitment to secure and regulated offerings.
Challenges and Future Prospects
While OKX has made significant strides globally, it recently withdrew its Virtual Asset Service Provider (VASP) license application in Hong Kong, ceasing its services in the region.
Nonetheless, its partnerships with Forteus and Komainu, combined with its expanding regulatory approvals, position OKX as a leader in institutional crypto trading.
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