According to CoinDesk, Komainu, a crypto custody joint venture between Nomura, Ledger, and CoinShares, has announced that Hidden Road, an institutional credit network, has joined its collateral management platform, Komainu Connect. This marks the first prime broker to join the ecosystem, allowing clients to leverage digital assets in collateralization scenarios while their assets remain in secure and regulated custody.
Komainu CEO Nicolas Bertrand said, 'Hidden Road is a key addition to our expanding collateral management network, representing another piece of the puzzle in bringing this much needed and institutional grade offering to the digital asset marketplace.' In June, OKX, the second largest crypto exchange by trading volume, also joined Komainu Connect.
Komainu has been expanding its international presence and recently received an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai. This allows the company to offer its full range of custody services to clients in the emirate. Launched in June 2020, Komainu provides custody services to exchanges, financial institutions, asset managers, corporations, and government agencies.
