Forteus and Komainu Form a Partnership with OKX to Provide 24/7 Trading Access on the Platform

Komainu will be accountable for the custody services and cold storage of Forteus’s digital assets, according to OKX.

Komainu will be accountable for the custodial services and cold storage of Forteus’s digital assets, according to a recent post on X by OKX.

The system facilitates off-exchange settlement and mirrored balances, thereby enabling institutional traders to utilize OKX’s sophisticated trading solutions without the necessity of transferring assets between platforms.

The configuration also accommodates services such as OKX’s Liquid Marketplace, which provides liquidity for spot OTC, futures spreads, and options.

The partnership improves OKX’s institutional offerings by integrating secure storage with seamless trading access.

It expands upon OKX’s previous integration with Komainu Connect, a collateral management platform that was introduced in April 2023.

Additionally, the collaboration ensures that assets are managed in stringent regulatory conformance through Komainu’s independent custody, which benefits institutional traders.

Forteus is able to implement transactions continuously, thanks to the efficient settlement procedures that reduce the necessity for constant asset transfers.

Furthermore, real-time collateral replication enhances liquidity and optimizes capital utilization, thereby increasing the efficiency of trading.

The exchange announced its intention to establish its EU regulatory center in Malta and entered the Dutch market earlier this year.

The firm stated that it selected Malta for its progressive approach to blockchain technology and cryptocurrencies, as well as its reputation for high regulatory standards.

In 2021, OKX obtained a Class 4 virtual financial assets service provider license in Malta. The exchange also announced a partnership with Standard Chartered last month, designating the banking behemoth as a third-party crypto custodian for its institutional services.

The partnership is expected to improve OKX’s offerings, which already include advanced trading capabilities, comprehensive risk management tools, and enhanced custody solutions that are specifically designed for institutional investors.

OKX has recently obtained a Major Payment Institution (MPI) license in Singapore, which enables the exchange to offer a variety of financial services.

The license enables it to process payments that exceed the 3 million Singaporean dollars (approximately $2.2 million) payment ceiling for a single service and the 6 million SG$ ($4.4 million) payment cap for multiple services.

Additionally, OKX initiated operations in Australia in May, which permitted spot trading for all Australian users and derivatives trading for verified wholesale clients.

Additionally, the platform introduced a Web3 wallet and a crypto trading platform in the Netherlands in June.

Nevertheless, the crypto exchange has ceased operations by withdrawing its application for a Virtual Asset Service Provider (VASP) license in Hong Kong.

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