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Ruholamin Haqshanas
Author
Ruholamin Haqshanas
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Digital asset management firm Forteus and digital asset custody provider Komainu have partnered with OKX to gain 24/7 trading access on the platform.
In a recent post on X, OKX said Komainu would be responsible for providing custody services and cold storage for Forteus’s digital assets.
The system enables off-exchange settlement and mirrored balances, allowing institutional traders to access OKX’s advanced trading solutions without the need to transfer assets between platforms.
The Collaboration Includes OKX Liquid Marketplace
The setup also supports services like OKX’s Liquid Marketplace, which offers liquidity for spot OTC, futures spreads, and options.
The partnership enhances OKX’s institutional offerings by combining secure storage with seamless trading access.
It builds on OKX’s earlier integration with Komainu Connect, a collateral management platform launched in April 2023, which allows institutional clients to trade securely without directly holding collateral with trading counterparties.
Furthermore, the collaboration benefits institutional traders by ensuring that assets are managed under strict regulatory compliance through Komainu’s independent custody.
Forteus gains the ability to execute trades around the clock, supported by efficient settlement processes that minimize the need for constant asset transfers.
Additionally, real-time collateral mirroring improves liquidity and optimizes capital use, making trading more efficient.
Earlier this year, the exchange entered the Dutch market and announced plans to establish its EU regulatory hub in Malta.
At the time, the firm said it chose Malta due to its reputation for high regulatory standards and its progressive approach to blockchain technology and cryptocurrencies.
OKX obtained its Class 4 Virtual Financial Assets Service Provider license in Malta in 2021.
Last month, the exchange also announced a partnership with Standard Chartered, appointing the banking giant as a third-party crypto custodian for its institutional services.
The partnership is set to enhance OKX’s offerings, which already include advanced trading capabilities, robust risk management tools, and enhanced custody solutions tailored for institutional investors.
OKX Sercures MPI License in Singapore
More recently, OKX secured a Major Payment Institution (MPI) license in Singapore, which allows the exchange to provide a range of financial services.
The license allows it to process payments beyond the 3 million Singaporean dollars (approximately $2.2 million) cap for a single service and the 6 million SG$ ($4.4 million) limit for multiple services.
Furthermore, OKX officially launched its operations in Australia in May, enabling spot trading for all Aussie users and derivatives trading for verified wholesale clients in Australia.
In June, the platform also debuted a crypto trading platform along with a Web3 wallet in the Netherlands.
However, the crypto exchange has withdrawn its Virtual Asset Service Provider (VASP) license application in Hong Kong, ceasing its services.
