15 Aug Bitfinex Agrees Memorandum of Understanding to Discover Integration with Komainu Join for New Distant Custody Resolution
ROAD TOWN, Tortola, British Virgin Islands – August 15, 2024 – Bitfinex, a state-of-the-art digital asset buying and selling platform, has introduced a collaboration to discover a strategic integration with Komainu Join, a regulated digital asset custodian. The mixing is predicted to permit establishments and complex buyers to leverage Bitfinex’s deep liquidity and superior buying and selling options whereas sustaining the safety of their belongings in a separate, regulated custody setting. This collaboration is enabled by Ledger Enterprise’s off-exchange buying and selling and settlement expertise, Ledger Tradelink™, which allows institutional clients to commerce by way of the Bitfinex platform.
By working with Bitfinex, the Komainu Join integration is predicted to permit establishments to commerce on one of many world’s most liquid markets for crypto belongings, whereas conserving their belongings segregated with a regulated custodian. One of many key advantages establishments will achieve from this integration is the power to get pleasure from uninterrupted buying and selling on Bitfinex with out frequent on-chain asset transfers, in addition to the safety supplied by conserving belongings in custody with Komainu.
The mixing can be the newest distant custodian answer supplied by Bitfinex, and follows related preparations it has with different custodian companions, which have each proved fashionable with institutional clients.
Merchants with belongings on Komainu Join and a verified account on Bitfinex will be capable of allocate a portion of their custody-held belongings for buying and selling, initiating a lock at Komainu. Concurrently, Komainu Join will notify Bitfinex by way of an API connection. Upon approval, Bitfinex will grant the dealer a steadiness equal to the locked quantity, enabling seamless buying and selling with the designated belongings.
“Our collaboration with Komainu Join displays our dedication to increasing safe buying and selling choices for our clients and supplies a further layer of safety for institutional buyers by permitting them to leverage Komainu’s regulated custody answer whereas nonetheless accessing Bitfinex’s sturdy buying and selling setting,” stated Paolo Ardoino, CTO of Bitfinex.
We’re thrilled to welcome Bitfinex to our Komainu Join platform,” stated Paul Frost-Smith, Co-CEO at Komainu. “This collaboration expands our ecosystem of trusted exchanges, additional enhancing liquidity throughout our rising community of buying and selling venues from centralised exchanges, OTC desks, market makers and prime brokers.
“Our collaboration with Komainu and Bitfinex heralds a brand new period for capital markets by way of the launch of a brand new open protocol customary for off-exchange buying and selling. We’ve lengthy believed that establishing a unified customary for off-exchange collateral pledging and settlement amongst custodians, exchanges, and liquidity suppliers is essential for scaling the institutional digital asset market. We’re delighted that Komainu and Bitfinex have chosen to combine Ledger Tradelink expertise, and we sit up for bringing this groundbreaking answer to market,” added Sebastien Badault, Government VP of Enterprise Income at Ledger.
As compliance features rising prominence as laws evolve, cryptocurrency exchanges bear an important duty to safeguard buyer belongings. Bitfinex’s collaboration with Komainu Join highlights the trade’s proactive strategy to compliance.
To be taught extra about Bitfinex please go to https://www.bitfinex.com/.
About Bitfinex
Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art companies for merchants and international liquidity suppliers. Along with a collection of superior buying and selling options and charting instruments, Bitfinex supplies entry to peer-to-peer financing, an OTC market and margin buying and selling for a big selection of digital tokens. Bitfinex’s technique focuses on offering unparalleled help, instruments, and innovation for knowledgeable merchants and liquidity suppliers around the globe. Go to www.bitfinex.com to be taught extra.
Ahead-Wanting Statements
Sure statements on this announcement could also be forward-looking in nature. The phrases “consider,” “count on,” “estimate,” “may,” “ought to,” “intend,” “might,” “plan,” “search,” “anticipate,” “mission” and related expressions amongst others, usually establish “forward-looking statements,” which communicate solely as of the date the statements had been made. The issues mentioned in these forward-looking statements are topic to various dangers, traits and uncertainties that might trigger precise outcomes to vary materially from these projected, anticipated or implied within the forward-looking statements. None of Bitfinex nor some other individual is accountable for updating or revising any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by regulation.
