Hidden Road joins Komainu Connect collateral management platform
15 September 2023 Jersey
Image: NicoElNino/stock.adobe.com
Global credit network Hidden Road has joined digital asset custody service provider Komainu鈥檚 collateral management platform, Komainu Connect.
Komainu Connect removes the need to store collateral with trading and liquidity counterparties, reducing client counterparty risk and ensuring that assets are kept in secure and regulated custody. Using the platform allows clients to leverage digital assets in collateralisation scenarios.
Hidden Road is the first digital prime brokerage service provider to join the platform, and follows the addition of cryptocurrency exchange OKX to the network in June.
Nicolas Bertrand, Komainu CEO, says: 鈥淗idden Road is a key addition to our expanding collateral management network, [and is] another piece of the puzzle in bringing this institutional grade offering to the digital asset marketplace.鈥�
Michael Higgins, global head of business development at Hidden Road, comments: 鈥淭hanks to its focus on security and regulation, Komainu Connect has the potential to unlock additional volume in institutional digital asset trading.
鈥淎s we build out our offering to counterparties trading in traditional and digital assets, Hidden Road continues to cultivate partners that enable efficient and mature workflows with robust, modern approaches to risk and compliance.鈥�
Komainu Connect removes the need to store collateral with trading and liquidity counterparties, reducing client counterparty risk and ensuring that assets are kept in secure and regulated custody. Using the platform allows clients to leverage digital assets in collateralisation scenarios.
Hidden Road is the first digital prime brokerage service provider to join the platform, and follows the addition of cryptocurrency exchange OKX to the network in June.
Nicolas Bertrand, Komainu CEO, says: 鈥淗idden Road is a key addition to our expanding collateral management network, [and is] another piece of the puzzle in bringing this institutional grade offering to the digital asset marketplace.鈥�
Michael Higgins, global head of business development at Hidden Road, comments: 鈥淭hanks to its focus on security and regulation, Komainu Connect has the potential to unlock additional volume in institutional digital asset trading.
鈥淎s we build out our offering to counterparties trading in traditional and digital assets, Hidden Road continues to cultivate partners that enable efficient and mature workflows with robust, modern approaches to risk and compliance.鈥�
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