- Forteus, the asset management division of the Numeus Group, can now trade 24/7 through the OKX platform while its assets are held in segregated custody
DUBAI, United Arab Emirates, Nov. 27, 2024 (GLOBE NEWSWIRE) -- OKX, a leading global cryptocurrency exchange and onchain technology company, has entered a tripartite agreement with Forteus, a diversified digital asset management firm, and regulated digital asset custody service provider Komainu. This agreement will enable Forteus to trade 24/7 through the OKX platform while its assets are held in segregated custody with Komainu.
Under the terms of the agreement, Komainu will offer qualified custody services and cold storage for assets held on behalf of Forteus. The off-exchange settlement and mirroring solution is a significant step forward for large-scale institutional crypto traders requiring immediate access to all of OKX's market-leading trading solutions via custody. This includes its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network.
Key benefits include:
- Secure custody: Digital assets are held securely in segregated custody with Komainu, an independent and regulated custodian, ensuring asset safety and regulatory compliance
- 24/7 trading: Forteus can conduct high-volume trading on the OKX platform around the clock
- Efficient daily settlement: The tripartite arrangement enables efficient mirrored balances, allowing for seamless trading without the need to constantly move assets between custodian and exchange
- Legal frameworks: Clear legal structures define rights, responsibilities and dispute resolution mechanisms, enhancing trust and confidence in institutional trading
- Optimized capital use: The collaboration provides optimized use of capital through real-time collateral mirroring and intraday settlement modes, enhancing liquidity and trading efficiency
OKX Global Chief Commercial Officer Lennix Lai said: "This collaboration with Komainu and Forteus exemplifies our commitment to solving the key challenges faced by institutional traders. By integrating secure, regulated custody with advanced trading capabilities and deep liquidity, we address issues like counterparty risk and asset mobility. This partnership ensures that institutions can engage confidently and efficiently in the crypto markets, knowing their assets are safe with a leading custodian. We are delighted to partner with Komainu to provide asset security without compromising returns."
Forteus President Nicolas Vanhoutteghem said: “This tripartite arrangement, which has been developed with OKX and Komainu, allows our clients to benefit from the most secure trading environment, where assets are held with a regulated custodian while providing 24/7 market access. This off-exchange settlement solution represents a huge step forward in the mitigation of counterparty risk, which has been a key concern amongst investors looking to access the rich sources of alpha available in crypto markets.”
In June 2023, OKX and Komainu announced that OKX had joined the collateral management platform Komainu Connect. This enables institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform. Launched in April 2023, Komainu Connect reduces client counterparty risk by eliminating the need to store collateral with trading counterparties, offering the ability to keep assets in safe custody instead.
For further information, please contact:
Media@okx.com
About OKX Institutional
OKX Institutional is a global leader trusted by international firms and counterparties, and provides a powerful suite of institutional crypto trading solutions such as an on-demand OTC liquidity network, structured products and managed accounts. OKX infrastructure is built for institutional traders, with unified account systems, integration with leading custodians and low-latency APIs.
With industry leading monthly Proof-of-Reserves and trading volumes, deep liquidity, and 99.99% uptime, OKX combines top-tier security with speed and reliability. It offers access to over 700 spot trading pairs, 280+ derivatives instruments, and up to 125x leverage on leading futures contracts.
To learn more about OKX Institutional, visit: okx.com/institutions or contact institutional@okx.com to accelerate your institutional crypto trading objectives.
About Forteus
Forteus is the asset management division of the Numeus Group, a global digital asset investment firm with offices in London, New York, Zug and Mauritius. Forteus pioneers innovative financial products and services to provide investors with trusted, alpha-centric and diversified exposure to investment opportunities in digital assets. We apply a disciplined, systematic approach to digital asset investing, supported by a robust institutional platform. Forteus’s multi-discipinary team combines deep expertise across traditional finance, technology and blockchain industries. Forteus is backed by Schroders, one of the largest asset managers in the UK.
Disclaimer
This article/announcement is provided for general informational purposes only and no responsibility or liability is accepted for any errors of fact or omission expressed herein. This content may cover products that are not available in your region. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets.
Digital assets, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
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