Komainu will be responsible for holding the collateral assets, according to OKX.
Widmann stated that this move mimics conventional financial market infrastructure.
Crypto exchange OKX has expanded its relationship with asset management firm CoinShares and custodial joint venture Komainu to provide derivatives trading without the threat of counterparty risk often associated with holding assets on the exchange.
Following the FTX buzz last year, many industry participants have developed secure off-exchange trading and settlement mechanisms.
According to Lewis Fellas, head of hedge fund solutions at CoinShares, off-exchange settlement for spot markets is straightforward. According to him, one of the key differences is that his company offers a comparable framework for trading derivatives.
Addressing Counterparty Concerns
Fellas said, without identifying any specific funds, that in addition to rolling out Komainu custody-based derivatives trading with the main Coinshares organization, a
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