Bitfinex has entered right into a memorandum of understanding (MOU) with Komainu Join, a regulated custodian backed by Ledger, to supply a safe and liquid buying and selling atmosphere for institutional buyers, in line with a Thursday press launch.
The collaboration is exploring a brand new distant custody resolution to allow seamless asset transfers between custody and trade. The businesses mentioned they’ve adopted Ledger Tradelink expertise for off-exchange buying and selling and settlement.
“Our collaboration with Komainu Join displays our dedication to increasing safe buying and selling choices for our prospects and supplies an extra layer of safety for institutional buyers by permitting them to leverage Komainu’s regulated custody resolution whereas nonetheless accessing Bitfinex’s sturdy buying and selling atmosphere,” Paolo Ardoino, CTO of Bitfinex, acknowledged.
Based on Bitfinex, the joint resolution will supply establishments entry to Bitfinex’s deep liquidity and superior buying and selling options whereas sustaining the safety of their property with Komainu.
Paul Frost-Smith, Co-CEO at Komainu, expressed enthusiasm about becoming a member of forces with Bitfinex to spice up liquidity throughout their community.
“This collaboration expands our ecosystem of trusted exchanges, additional enhancing liquidity throughout our rising community of buying and selling venues from centralized exchanges, OTC desks, market makers and prime brokers,” mentioned Frost-Smith.
Sebastien Badault, Govt VP of Enterprise Income at Ledger, believes the initiative may set a brand new commonplace for off-exchange collateral pledging and settlement.
“We’ve lengthy believed that establishing a unified commonplace for off-exchange collateral pledging and settlement amongst custodians, exchanges, and liquidity suppliers is essential for scaling the institutional digital asset market,” Badault acknowledged.
