OKX has announced a partnership with Forteus, a digital asset management firm, and Komainu, a regulated digital asset custody provider. This agreement enables Forteus to trade continuously on the OKX platform while its assets remain securely held in segregated custody with Komainu.

Custody Secures Crypto Trading

Under the terms of the arrangement, Komainu will provide qualified custody services and cold storage for Forteus's digital assets. The system allows for off-exchange settlement and mirrored balances, ensuring institutional traders can access OKX’s trading solutions without transferring assets between platforms.

These services include the Liquid Marketplace, a network for spot OTC, futures spreads, and options liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

We're pleased to announce a tripartite agreement between @OKX, @KomainuHQ and @numeusxyz for institutional trading:
1️⃣ 24/7 trading access on OKX
2️⃣ Regulated custody with Komainu
3️⃣ Off-exchange settlement
4️⃣ Real-time balance mirroring
Full details:… pic.twitter.com/LAqqOpWPfS

— OKX Institutional (@OKXInsto) November 27, 2024

Earlier, OKX announced the selection of Standard Chartered as a third-party crypto custodian for its global institutional operations, as reported by Finance Magnates. Standard Chartered offers cross-border financial services connecting international markets.

The collaboration expands OKX’s institutional services, which include trading tools, risk management resources, and custody options. OKX aims to utilize Standard Chartered's expertise in global banking and risk management to enhance its custody solutions for institutional clients.

Liquidity Enhanced Through Custody

The collaboration offers several advantages for institutional traders. Assets are securely stored by Komainu, an independent custodian, ensuring compliance with regulatory standards.

Forteus gains the ability to trade at any time, supported by efficient settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term processes that eliminate the need for constant asset transfers.

Legal frameworks define responsibilities and dispute resolution, promoting confidence in the arrangement. Additionally, real-time collateral mirroring enhances liquidity and trading efficiency, optimizing capital use.

This partnership builds on OKX's June 2023 announcement of its integration with Komainu Connect, a collateral management platform launched in April 2023. Komainu Connect allows institutional clients to trade securely without holding collateral with trading counterparties.