KEY TAKEAWAYS
- Forteus partners with Komainu to enable 24/7 trading with secure asset custody.
- The agreement provides institutional traders with immediate access to a Liquid Marketplace and various trading solutions.
- Komainu ensures asset safety and compliance through qualified custody services and cold storage.
- The collaboration enhances trading efficiency with real-time collateral mirroring and intraday settlement modes.
Forteus, the asset management division of the Numeus Group, has entered into a tripartite agreement with Komainu, a regulated digital asset custody service provider. This collaboration allows Forteus to trade 24/7 on a platform while ensuring its assets are securely held in segregated custody.
Under the terms of the agreement, Komainu will provide qualified custody services and cold storage for Forteus’s assets. This arrangement offers a significant advantage for institutional crypto traders who require immediate access to trading solutions. The partnership includes access to a Liquid Marketplace, spot OTC, futures spreads, and options liquidity network.
Key Benefits of the Agreement
The agreement offers several benefits, including secure custody of digital assets. Komainu, as an independent and regulated custodian, ensures asset safety and regulatory compliance. Forteus can now conduct high-volume trading around the clock, enhancing trading efficiency.
The tripartite arrangement facilitates efficient daily settlement through mirrored balances, allowing seamless trading without the need to move assets between custodian and exchange. Clear legal frameworks define rights and responsibilities, enhancing trust and confidence in institutional trading.
Additionally, the collaboration optimizes capital use through real-time collateral mirroring and intraday settlement modes, improving liquidity and trading efficiency.
Background on Komainu Connect
In June 2023, it was announced that Komainu joined the collateral management platform Komainu Connect. This platform enables institutional customers to conduct secure 24/7 trading of segregated assets under custody. Launched in April 2023, Komainu Connect reduces client counterparty risk by eliminating the need to store collateral with trading counterparties, allowing assets to remain in safe custody.
For more information, the original announcement can be found here.
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