Forteus and Komainu Partner with OKX for 24/7 Trading Access on the Platform

Twitter icon  •  Published há 4 semanas on November 27, 2024  •  Nikolas Sargeant

OKX said Komainu would be responsible for providing custody services and cold storage for Forteus's digital assets.

Forteus and Komainu Partner with OKX for 24/7 Trading Access on the Platform

In a strategic move that promises to reshape institutional digital asset trading, Forteus and Komainu have partnered with OKX to offer comprehensive 24/7 trading capabilities.

This collaboration introduces an innovative system that enables off-exchange settlement and mirrored balances, allowing institutional traders unprecedented access to advanced trading solutions without the complexities of asset transfers.

The Collaboration's Key Features

The partnership leverages Komainu's robust custody services to provide secure storage for Forteus's digital assets. Through this integration, OKX's Liquid Marketplace becomes accessible, offering enhanced liquidity across spot OTC, futures spreads, and options trading.

Building on OKX's previous integration with Komainu Connect—a collateral management platform launched in April 2023—the collaboration ensures institutional clients can trade securely without directly holding collateral with trading counterparties. This approach significantly reduces operational risks and streamlines trading processes.

Regulatory Compliance and Institutional Benefits

By prioritizing regulatory compliance, the partnership delivers multiple advantages for institutional traders. Komainu's independent custody framework ensures assets are managed under strict regulatory standards, providing an additional layer of security and trust.

Forteus gains the ability to execute trades continuously, supported by efficient settlement processes that minimize asset transfer requirements. Real-time collateral mirroring further improves liquidity and optimizes capital utilization, making trading more strategic and responsive.

OKX's Expanding Global Footprint

This partnership represents just one aspect of OKX's aggressive international expansion. The exchange has been actively diversifying its global presence, obtaining critical licenses and forming strategic partnerships. Notable achievements include:

  • Securing a Class 4 Virtual Financial Assets Service Provider license in Malta in 2021
  • Obtaining a Major Payment Institution (MPI) license in Singapore
  • Launching operations in Australia, enabling spot and derivatives trading
  • Introducing a crypto trading platform and Web3 wallet in the Netherlands

A recent partnership with Standard Chartered further solidified OKX's institutional service offerings, appointing the banking giant as a third-party crypto custodian.

Looking Ahead

While the company has withdrawn its Virtual Asset Service Provider (VASP) license application in Hong Kong, OKX continues to demonstrate its commitment to expanding institutional digital asset trading capabilities through strategic partnerships and regulatory compliance.

The collaboration between Forteus, Komainu, and OKX signals a maturing digital asset ecosystem, where security, accessibility, and advanced trading solutions converge to meet the evolving needs of institutional investors.

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Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.