Koine, the post-trade custody and settlement platform for institutions, has partnered with Panxora to provide mutual clients with cryptocurrency treasury management services.
Independent service provider Panxora will help reduce risks among Koine’s institutional client base and their digital asset portfolios.
The service offered by Panxora functions as a classic segregated managed account, while working with liquid cryptocurrency exchanges alongside Koine’s post-trade settlement solution in order to reduce credit and counterparty exposure.
Hugh Hughes, CEO and chairman at Koine, commented: “From Koine’s inception, our main focus was the protection of digital assets, which is why we’re working with independent services like Panxora to support institutions in managing their funds in the most secure way possible. We will continue to work with various third parties, including tax reporting, margin and lending, to ensure all our clients’ needs are accounted for.”
Gavin Smith, CEO at Panxora, added: “As the cryptocurrency markets mature, governance will become a key differentiator for companies operating in this space. Working with Koine allows Panxora to offer our clients an integrated solution that actively manages their market risk in a very volatile asset class while protecting their assets from counterparty risk that would usually be a key concern in this sector.”
