Bitfinex is the latest exchange to join Komainu Connect

Komainu, the regulated digital asset custody service provider trusted by institutions, announces the signing of a Memorandum of Understanding (MoU) to explore an integration with leading digital asset trading platform Bitfinex into its innovative collateral management platform, Komainu Connect. This collaboration is enabled by Ledger Enterprise’s Ledger Tradelink™ over-the-counter trading and settlement technology, which allows institutional clients to trade via the Bitfinex platform while assets remain in segregated custody with Komainu.

Komainu Connect addresses the industry requirement to reduce clients’ counterparty risk associated with holding collateral with trading counterparties. By keeping assets securely held with a regulated custodian, institutional investors can take advantage of trading opportunities through Bitfinex while ensuring asset security and regulatory compliance.

Komainu continues to expand its Komainu Connect platform and integrate it with exchanges directly and through various underlying technologies. This enables fast and efficient connections that allow clients to access a wide range of trading venues and prime brokers. This strategic move underscores the value of industry collaboration as the institutional digital asset ecosystem matures. As a result, Komainu will become the preferred custodian for both clients and exchange partners.

This collaboration with Bitfinex is enabled by Ledger Tradelink™, Ledger Enterprise’s over-the-counter trading and settlement technology. Bitfinex is the first exchange to join Ledger Tradelink™, allowing users to trade directly from self-custody or through their regulated custodian.

“We are very excited to welcome Bitfinex to our Komainu Connect platform,” said Paul Frost-Smith, CO-CEO at Komainu. “This collaboration expands our ecosystem of trusted exchanges and further improves liquidity across our growing network of trading venues from centralized exchanges, OTC desks, market makers and prime brokers.”

“Our collaboration with Komainu Connect reflects our commitment to expanding secure trading options for our clients and provides institutional investors with an additional layer of security by enabling them to leverage Komainu’s regulated custody solution while accessing Bitfinex’s robust trading environment,” said Paolo Ardoino, CTO of Bitfinex.

“Our collaboration with Komainu and Bitfinex ushers in a new era for capital markets by launching a new open protocol standard for over-the-counter trading. We have long believed that creating a unified standard for over-the-counter collateral pledging and settlement between custodians, exchanges and liquidity providers is critical to scaling the institutional digital asset market. We are delighted that Komainu and Bitfinex have chosen to integrate Ledger Tradelink technology and look forward to bringing this groundbreaking solution to market,” added Sebastien Badault, Executive VP of Enterprise Revenue at Ledger.

Founded in 2018, Komainu offers compliant custodian services specifically designed for institutional digital asset investments. With its multi-asset support and strict regulatory framework, Komainu continues to combine traditional financial services with cutting-edge security standards.

Source: Komainu

NEWSLETTER REGISTRATION

And receive exclusive articles on the securities markets