OKX Partners with Forteus and Komainu for 24/7 Institutional Crypto Trading

Highlights:

• OKX, Forteus, and Komainu have partnered to offer 24/7 trading with secure, segregated custody for institutional clients.
• Through real-time collateral mirroring, the partnership increases liquidity, improving trading efficiency.
• Legal frameworks define asset ownership and responsibilities, hence enhancing institutional traders’ trust.

OKX, Forteus and Komainu have joined forces to reshape institutional crypto trading. By partnering with OKX, Forteus has the ability to trade 24/7 on the OKX platform whilst assets remain safe with Komainu. Segregated custody ensures asset safety as well as regulatory compliance.

Under the arrangement, Komainu offers secure cold storage and qualified custody services. These solve the counterparty risk problem and make trading efficient for institutional clients. Seamless trading without asset movement between custodian and exchange is achieved via real-time collateral mirroring. This setup supports OKX’s advanced trading features, including the OKX Liquid, an OTC spot market, futures spreads, and options liquidity.

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

This legal framework specifies these responsibilities and also provides confidence among institutional traders. Combining custody and trading makes the liquidity better, optimizes the capital use and guarantees to do business in terms of regulatory standards. This gives institutions the confidence to trade as their assets are safe.

Enhanced Liquidity and Efficient Settlement

The off-exchange settlement capability better facilitates asset mobility and enhances trading efficiency. This allows uninterrupted trading by mirrored balances which stops asset transfer downtime. This innovation optimizes capital use and addresses the problems facing institutional traders.

This partnership adds to OKX’s new integration with Komainu Connect, a collateral management platform that launched last year. Secured trading of segregated assets under custody on this platform eliminates the need to store collateral in conventional ways. The collaboration will expand OKX’s institutional services, offering secure storage together with seamless trading solutions.

Efficient settlement processes help round-the-clock trading access for Forteus. With this arrangement, the counterparty risk is mitigated while institutional investor is provided with robust and compliant trading environment. With OKX’s advanced tools and deep liquidity, institutions can have much more market opportunities.

Broader Institutional Expansion

Lennix Lai, OKX’s Global Chief Commercial Officer, highlighted the importance of collaboration. Secure custody helps institutions efficiently participate in crypto markets by integrating with advanced trading capabilities, thereby reducing risk and improving asset mobility.

According to Nicolas Vanhoutteghem, Forteus President, off-exchange settlement is an important part of the solution. This provides the answers to investors’ most urgent questions, counterparty risk and allows them to participate in lucrative crypto opportunities. The tripartite agreement sets a new standard for institutional trading security and efficiency.

By working together, OKX, Forteus and Komainu provide regulated custody, 24/7 trading access and speedy settlement mechanisms which combine to create a far safer and more efficient institutional trading ecosystem.

Recently, OKX also introduced zero-fee SGD deposits and withdrawals to users from Singapore. Using PayNow and FAST with support from DBS, customers have the flexibility to conduct transactions without needing to go through any banks involved. Singpass verification offered on the platform also reduces onboarding time by nearly 90%, improving accessibility and security.

Exciting News for Singapore 🇸🇬: We’ve launched instant, zero-fee SGD deposits & withdrawals on OKX SG, facilitated by @dbsbank.

Now you can access digital assets faster and more affordably using trusted local payment methods like PayNow and FAST — no hidden fees or extra… pic.twitter.com/8Sua16ztsY

— OKX Singapore (@OKXSG) November 18, 2024

In September, OKX obtained an MPI license in Singapore to offer comprehensive financial services. Earlier, the exchange expanded operations into Australia and launched a trading platform in the Netherlands. These developments underscore OKX’s commitment to innovation and compliance in institutional crypto trading.