Komainu Connect: Hidden Road is first digital prime brokerage to join collateral management ecosystem

Rick Steves

“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.”

Komainu, a regulated digital asset custody service provider designed by institutions for institutions, has unveiled a significant enhancement to its collateral management platform, Komainu Connect.

Hidden Road, the global credit network tailored to institutions, has joined this ecosystem, becoming the first provider offering digital prime brokerage services to participate.

This strategic collaboration empowers the leveraging of digital assets in collateralization scenarios while ensuring the assets remain in secure, regulated custody.

“Potential to unlock additional volume in institutional digital asset trading”

Komainu Connect, launched in April 2023, is revolutionizing collateral management by mitigating client counterparty risk. It achieves this by eliminating the need to store collateral with trading and liquidity counterparts while offering the capability to safeguard assets in secure custody.

The addition of Hidden Road to the growing list of Komainu Connect partners follows the recent inclusion of the leading global crypto exchange, OKX, onto the platform.

Nicolas Bertrand, CEO at Komainu, 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.”

Michael Higgins, Global Head of Business Development at Hidden Road, said: “As we build out our offering to counterparties trading in traditional and digital assets, Hidden Road continues to cultivate partners that enable efficient and mature workflows with robust, modern approaches to risk and compliance. Thanks to its focus on security and regulation, Komainu Connect has the potential to unlock additional volume in institutional digital asset trading, and is a natural addition to our partner network.”

Founded in 2018, Komainu emerged to provide institutions with a secure and compliant custody service for investments in digital assets. Launched in June 2020, Komainu currently offers custodial services to a diverse clientele, including exchanges, financial institutions, asset managers, corporations, and government agencies.

The partnership between Komainu and Hidden Road reflects the growing demand for secure and efficient solutions in the digital asset space. By joining forces, they aim to contribute to the evolution of the digital asset marketplace, ensuring that institutional-grade offerings continue to meet the needs of a rapidly evolving financial landscape.

Read this next


Top Crypto Highlights for Q2 2024: BlockDAG’s Astonishing 1120% Growth Compared to Solana’s Surge and Toncoin’s Market Triumph

Explore the latest highlights in cryptocurrency: Solana’s recovery, Toncoin’s record levels, and the rise of BlockDAG’s innovative technology.

Digital Assets

Ripple seeks $10 million penalty citing Terraform fine in SEC case

Ripple Labs wants to reduce the financial penalties proposed by the U.S. Securities and Exchange Commission (SEC) by leveraging recent fines imposed on Terraform Labs.

Digital Assets

Swiss regulator shuts down CoinShares’ partially-owned FlowBank

Switzerland’s financial regulator, FINMA, has closed FlowBank SA and placed it into bankruptcy due to severe breaches of capital requirements and other supervisory laws. This follows a series of enforcement actions against the bank that began in October 2021.


Presale Power Players: 5 Crypto Presales Primed for Success in 2024 According to Experts

Unlock the potential of the best presale cryptos available now. See why experts recommend BlockDAG, Bitbot, eTukTuk, 99Bitcoins Token, and ButtChain.

Executive Moves

Paxos axes 65 jobs, cuts headcount to below 300

Stablecoin issuer Paxos has laid off 65 employees, equating to 20% of its staff, despite maintaining a robust financial standing.

Institutional FX

US sanctions trigger major shifts in Russian FX market, says Sergey Romanchuk

The U.S. sanctions imposed on June 12 against the Moscow Exchange and its clearing entity, the National Clearing Center (NCC), are set to cause massive disruptions in the Russian currency market, according to FX industry veteran Sergey Romanchuk.


BlockDAG’s X1 Miner App Beta Sparks $49.2M Presale Rise; Uniswap & XRP Whales Getting Involved?

Experience BlockDAG’s meteoric 1120% presale rise, Uniswap’s UNI climbing 18%, and Ripple’s XRP anticipating ETF approval. Explore their latest breakthroughs!

Market News, Tech and Fundamental, Technical Analysis

GBPUSD Technical Analysis Report 13 June, 2024

GBPUSD currency pair can be expected to fall further toward the next support level 1.2700, which has been reversing the price from last month.

Institutional FX

U.S. sanctions halt dollar and euro trading on Moscow Exchange

New U.S. sanctions against Russia have led to the immediate suspension of trading in dollars and euros on the Moscow Exchange (MOEX), the country’s largest exchange group.