Hidden Road is the first prime broker to join the ecosystem, and clients can now leverage digital assets in collateralization scenarios while their assets remain in secure and regulated custody, Komainu said in a statement Wednesday. OKX, the second largest crypto exchange by trading volume, joined Komainu Connect in June.
“Hidden Road is a key addition to our expanding collateral management network, representing another piece of the puzzle in bringing this much needed and institutional grade offering to the digital asset marketplace,” said Komainu CEO Nicolas Bertrand.
Komainu has been expanding internationally and recently received an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai, allowing it to offer its full range of custody services to clients in the emirate.
The crypto custodian launched in June 2020, and provides custody services to exchanges, financial institutions, asset managers, corporations and government agencies.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.