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Komainu Expands Crypto Collateral Management with Addition of Hidden Road, Supported by Nomura

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Sep 13, 2023 at 03:57 pm

Hidden Road has made history as the inaugural provider of digital prime brokerage services to integrate with the ecosystem. Komainu, a collaborative effort between Nomura, Ledger, and CoinShares in the realm of crypto custody, announced that Hidden Road, a credit network catering to institutions, has become part of its collateral management platform, Komainu Connect.

This significant development allows clients to utilize digital assets for collateralization while ensuring their assets remain in a secure and regulated custody environment. Komainu emphasized this breakthrough in a statement, highlighting Hidden Road's pioneering role as the first prime broker to join the ecosystem. Notably, this integration followed the inclusion of OKX, the second-largest crypto exchange in terms of trading volume, into Komainu Connect back in June.

Komainu's CEO, Nicolas Bertrand, underlined the importance of Hidden Road's inclusion in their expanding collateral management network. He described it as a vital piece in their mission to deliver a much-needed, institutional-grade offering to the digital asset marketplace.

As part of its international expansion efforts, Komainu recently obtained an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai. This regulatory milestone empowers Komainu to extend its full range of custody services to clients based in the emirate.

Since its establishment in June 2020, this crypto custodian has been at the forefront of providing trusted custody solutions. Its clientele spans exchanges, financial institutions, asset managers, corporations, and government agencies.

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