Hidden Road has become the first prime broker to join the Komainu ecosystem, according to a statement released by Komainu on Wednesday. This development allows clients to utilize digital assets in collateralization scenarios, while ensuring their assets remain securely stored in regulated custody.
The addition of Hidden Road to the Komainu ecosystem highlights the growing interest and adoption of digital assets within the financial industry. This move also signifies the increasing importance of prime brokers in the crypto market, as they provide essential services such as lending, borrowing, and trade execution.
OKX, the second largest cryptocurrency exchange by trading volume, also joined Komainu Connect in June. This collaboration between OKX and Komainu further solidifies the ecosystem’s position as a trusted and reliable custodian for digital assets.
By leveraging the services offered by Komainu, clients can now confidently collateralize their digital assets, knowing that they are stored and safeguarded in compliance with regulatory standards. This is a significant step towards bridging the gap between traditional finance and the emerging digital asset market.
In an industry where security and trust are paramount, Komainu’s partnership with prime brokers like Hidden Road and exchanges like OKX is crucial. The ecosystem not only provides a secure and regulated custody solution, but also offers access to a wide range of financial services that are tailored to the unique needs of institutional clients.
Quoting Komainu’s statement, “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,” it is evident that this collaboration marks a significant milestone for both Hidden Road and the Komainu ecosystem.
By offering prime brokerage services and secure custody solutions, Komainu is laying the groundwork for a more robust and inclusive digital asset market. With the backing of credible industry players like Hidden Road and OKX, the ecosystem is poised to further enhance its position as a leader in digital asset custody and financial services.
– [Komainu Official Statement](https://www.coindesk.com/business/2023/06/06/okx-chooses-nomura-backed-crypto-storage-firm-komainu-as-custodian/)
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