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Finance

Nomura-Backed Custodian Komainu Adds Hidden Road to Crypto Collateral Management Platform

Hidden Road is the first provider offering digital prime brokerage services to join the ecosystem.

By Will Canny
AccessTimeIconSep 13, 2023 at 10:39 a.m. UTC
Komainu are lion-like statues often placed at the entrance to Shinto temples. (Shutterstock)

Komainu are lion-like statues often placed at the entrance to Shinto temples. (Shutterstock)

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Komainu, the crypto custody joint venture of Nomura, Ledger and CoinShares, said Hidden Road, a credit network for institutions, has joined its collateral management platform, Komainu Connect.

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.

Edited by Sheldon Reback.

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Will Canny

Will Canny is CoinDesk's finance reporter.

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