GCEX launches staking in partnership with Komainu
“We are delighted to extend our partnership with Komainu, giving our clients access to secure and compliant staking services, enabling them to participate in staking rewards for digital assets.”
GCEX has extended its partnership with Komainu, the regulated digital asset custodian founded as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager CoinShares.
The partnership will allow GCEX’s digital prime brokerage to offer staking services to its institutional and professional clients through Komainu’s regulated and compliant infrastructure for digital asset custody and staking.
GCEX users will have access to Komainu’s staking solutions and earn the rewards associated with this kind of service, while having their digital assets under segregated custody.
“Offering custody alone doesn’t cut it anymore”
Lars Holst, Chief Executive Officer of GCEX, said: “We are delighted to extend our partnership with Komainu, giving our clients access to secure and compliant staking services, enabling them to participate in staking rewards for digital assets. We are committed to providing our clients with the best possible service and this partnership is a testament to that.”
Darren Jordan, Head of Sales at Komainu, commented: “Adding staking was a natural next step in our suite of offerings for GCEX clients. Offering custody alone doesn’t cut it anymore, the market demands more innovative solutions, clients require utility of their assets. That is why Komainu built a suite of services including regulated custody, staking and collateral management, and we are pleased to extend our partnership with GCEX Group to provide staking services.”
Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and the Dubai Virtual Assets Regulatory Authority (VARA).
Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA, registered with the Danish FSA and has been granted a Virtual Asset Service Provider License for the MVP phase by the Dubai Virtual Assets Regulatory Authority. True Global Ventures are investors in GCEX.
GCEX reported 136%+ turnover in 2022
GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of Forex brokerage and technology solutions. The digital prime broker has partnerships with Tier 1 trusted Liquidity Providers, leading counterparties, and regulated digital custody asset institutions, and offers a wide range of products and technology solutions including White Labels.
Last week, GCEX reported turnover for y/e 31 December 2022 at £4.5 million (2021 16-month period was £1.9 million) with a net profit of £1.5 million. This was the firm’s second full year of trading, having confirmed a 136% increase in turnover for the 12 month’ period ending on 31 December 2022.