Digital asset custody service provider Komainu has launched a collateral management service to reduce counterparty risk by removing the need to store collateral with trading counterparties.
Komainu Connect enables clients to leverage digital assets in collateralisation scenarios and ensures the assets remain in secure and regulated custody.
Komainu facilitates 24/7 trading to allow clients to maximise investment opportunities while keeping assets separate and secure. Triparty agreements combine Komainu’s technical and legal acumen with their clients’ requirement for the safety and segregation of assets.
Komainu was established in 2018 to provide institutions with a secure and compliant custody service for investment in digital assets. It was created as a joint venture by Nomura, digital asset manager CoinShares, and digital asset security company Ledger.
Commenting on the new service, Sebastian Widmann, head of strategy at Komainu, says: “Komainu Connect cements our vision of introducing true trade connectivity to ramp up the utility and velocity of digital assets, while under our secure, institutional grade custody. As this industry matures, we will continue to pioneer the development of time-tested traditional finance products to match digital asset requirements.”
Darren Jordan, head of sales at Komainu, comments: “With the addition of collateral management and enhanced staking services, we are demonstrating loud and clear that we are more than a simple repository for digital assets.
“Our new collateral management services allow clients to maximise trading opportunities and reduce counterparty risk while keeping their assets secure with a regulated custodian. This is the benchmark for full-service institutional custody.”
