Komainu expands collateral management ecosystem with Gate.io

Launched in April of this year, Komainu Connect aims to mitigate client counterparty risk by eliminating the necessity to store collateral with trading counterparties. Instead, it provides a secure custody solution, allowing clients to retain assets safely while conducting trades.

Komainu, a regulated digital asset custodian, has expanded its collateral management service, Komainu Connect, by incorporating Gate.io, a leading digital asset exchange.

The partnership aims to enhance asset security and independence for institutional clients, echoing a broader push in the industry towards more robust custody solutions.

Komainu Connect was launched in April 2023

Launched in April of this year, Komainu Connect aims to mitigate client counterparty risk by eliminating the necessity to store collateral with trading counterparties. Instead, it provides a secure custody solution, allowing clients to retain assets safely while conducting trades. Gate.io’s institutional clientele can leverage this feature to maintain their digital assets with Komainu, trading on Gate.io without the need for asset transfers.

“We are delighted to add another leading exchange to our growing collateral management ecosystem,” said Darren Jordan, Head of Sales at Komainu.

The move is aligned with both companies’ emphasis on client security. Dr. Lin Han, Founder and CEO of Gate.io, emphasized, “Gate.io prioritizes safety and security for our clients. We share the same goal with Komainu.”

Komainu, which was established in 2018, has been on a rapid growth trajectory, currently serving as a custodian for a diverse range of entities, including exchanges, financial institutions, asset managers, corporations, and government agencies. Other leading Komainu Connect members include Hidden Road and OKX.

Komainu regulated by UK’s FCA, Dubai’s VARA, and Jersey’s FSC

Komainu operates under multiple regulatory umbrellas, including oversight by the Jersey Financial Services Commission, the UK’s Financial Conduct Authority, and Dubai’s Virtual Assets Regulatory Authority. This multi-jurisdictional regulatory framework adds another layer of assurance for institutional clients.

Komainu is a regulated digital asset custodian designed for institutions and is a joint venture between Nomura, Coinshares, and Ledger. With offices in London, Dublin, Dubai, and Singapore, the company offers multi-asset support combined with regulatory experience, aiming to set new standards in institutional digital asset custody.

Established in 2013, Gate.io consistently ranks among the top 10 digital asset exchanges and serves millions of users globally. The platform prides itself on robust security protocols and full compliance with local laws, contributing to an industry-leading reputation for asset safety.

Financefeeds.com