Institutional investors and partnerships in the crypto space may significantly inspire trust and security for the future of the industry. One such significant recent alliance involves Komainu, the digital asset joint venture of Nomura, Ledger and CoinShares, and Hidden Road, a venerated credit network for institutions.
The partnership gives Komainu a foothold in collateral management, with Hidden Road becoming the first prime broker to engage with their platform, Komainu Connect. Under this arrangement, customers can leverage digital assets for collateralization while enjoying secure regulated custody. This strategic partnership underscores a crucial aspect of the bustling digital asset marketplace – secure transactions.
OKX, a top-notch name in the crypto industry, joined Komainu Connect in June. Further collaboration with industry leaders like Hidden Road and OKX could bolster Komainu’s already remarkable reputation. In the words of Komainu CEO Nicolas Bertrand, Hidden Road is a key piece of the puzzle for a comprehensive, institutional-grade digital-asset offering.
Komainu’s global reach is expanding, courtesy of its recently conferred operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai. This allows the crypto custodian to offer a complete range of custody services to clients in the emirate. Launched in June 2020, Komainu offers custody services across the board to exchanges, financial institutions, asset managers, corporations and government agencies.
While this partnership and the growth Komainu has experienced are inspiring, there may still be sceptics who argue that such heavyweight collaborations could lead to the centralization of traditionally decentralized systems. Questions may also arise about the nature of the regulation involved. Regulatory clarity is vital to inspiring confidence, and the lack thereof can be a pain point for many in the crypto industry.
However, this collaboration is undoubtedly a breakthrough in the right direction, especially with Komainu’s international expansion and regulatory compliance. It not only brings us closer to realizing an institutional-grade offering in the digital asset marketplace, but it also fosters a sense of security crucial for the growth and longevity of the industry.
Source: Coindesk
