global 703 crypto positive
Cryptocurrency exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to promote institutional adoption of digital assets. The collaboration aims to address counterparty risks by enabling round-the-clock trading of segregated assets. CoinShares will execute trades on the OKX exchange, while Komainu will act as a third-party custodian to safeguard the collateral assets. This partnership seeks to instill confidence in institutional clients by mirroring traditional financial market practices and providing a legally robust mechanism for asset management. The move aligns with the industry’s focus on enhancing infrastructure and risk management practices to attract traditional finance investors.

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Information Details
Geography Global
Countries
Sentiment positive
Relevance Score 1
People Lennix Lai, Sebastian Widmann
Companies CoinShares, Komainu, OKX, Polygon CDK
Currencies None
Securities None

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