Komainu Adds Leading Institutional Collateral Management Solution

Komainu, a regulated digital asset custody service provider built by institutions for institutions, today announced its new collateral management service, Komainu Connect. The offering is live with a selection of clients, enabling leverage of their digital assets in collateralization scenarios whilst they remain in secure, regulated custody, segregated, and verifiable on chain.

Komainu Connect comes in response to an industry requirement to reduce counterparty risk by removing the need to store collateral with trading counterparties. To help mitigate counterparty risks, Komainu has created a solution that, via partners, facilitates 24/7 trading with assets held in custody. This allows clients to maximize investment opportunities whilst keeping their assets separate and secure. This is made possible via tri-party agreements, which marry Komainu’s technical and legal acumen with their clients’ requirement for the safety and segregation of assets held under custody.

“Komainu Connect cements our vision of introducing true trade connectivity to ramp up the utility and velocity of digital assets, while under our secure, institutional grade custody,” said Sebastian Widmann, Head of Strategy at Komainu. “As this industry matures, we will continue to pioneer the development of time-tested traditional finance products to match digital asset requirements.”

Enhanced Staking Solution

Komainu also announced a scaled-up staking device. This enhanced staking offering coincides with the much-anticipated Ethereum Shanghai hard fork on April 12. Beyond Ethereum, initial tokens supported on Komainu’s platform are Solana, Polkadot and Tezos.

“With the addition of collateral management and enhanced staking services, we are demonstrating loud and clear that we are more than a simple repository for digital assets,” said Darren Jordan, Head of Sales at Komainu. “Our new collateral management services allow clients to maximise trading opportunities and reduce counterparty risk while keeping their assets secure with a regulated custodian. This is the benchmark for full-service institutional custody.”

Komainu was established in 2018 to fill a void and provide institutions with a secure and compliant custody service for investment in digital assets. Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.

About Komainu

Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA).

Image by Silvestri Matteo from Unsplash

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