• Komainu, a renowned custody service, collaborates with Copper’s ClearLoop, opening new doors in off-exchange settlements.
• The partnership seeks to merge Komainu’s FCA-approved, on-chain custody with ClearLoop’s cutting-edge off-exchange settlement capabilities.

Revolutionizing Digital Asset Transactions: A Game-changing Collaboration

Komainu, a regulated custody service born from a collaboration between industry giants Nomura, Ledger, and CoinShares, has unveiled its strategic alliance with Copper, the forerunner in institutional digital asset solutions. This alliance aims to bestow Komainu’s institutional clientele with a distinct edge in off-exchange settlements via Copper’s trailblazing ClearLoop network.

As the digital asset ecosystem evolves, institutions are increasingly inclined to diversify counterparty risk, ensuring swifter settlement times. This inclination stems from past events, like the unfortunate FTX crypto exchange collapse, underscoring the necessity for solid custody alternatives. Here, both Komainu and Copper stand united, championing unparalleled digital asset security standards, heralding a pivotal evolution in the financial market infrastructure.

Unlocking a Universe of Possibilities

This synergistic partnership signifies more than just a business alliance; it signifies the fusion of Komainu’s FCA-regulated, on-chain custody with the avant-garde off-exchange settlement proficiencies of ClearLoop. In the realm of growing institutional adoption of digital assets, managing both custody and counterparty risk has emerged as the linchpin. ClearLoop, distinguished by its capacity to retain assets till the brink of trade execution, nullifies counterparty risk.

It achieves this by flawlessly intertwining multiple exchanges within a unified trading network. This strategic move eradicates the imperative of transferring assets to an exchange-specific wallet, simultaneously simplifying and fortifying the institutional trade mechanics.

Nicolas Bertrand, the visionary at Komainu’s helm, along with Dmitry Tokarev, the dynamic force behind Copper, echoed their collective fervor for this collaboration. Bertrand emphasized the significance of counterparty risk diversification and lauded the partnership’s potential to deliver a perfect blend of services to their clients. Further elaborating on the subject, Bertrand shed light on how Copper’s tried-and-tested processes, coupled with the transparency and security that Komainu’s on-chain, segmented, and regulated custody platform offers, are set to uplift industry benchmarks.

Komainu’s Regulatory Endorsement: Setting a New Paradigm

Recently, Komainu celebrated a monumental achievement, securing the coveted regulatory nod from the UK’s Financial Conduct Authority (FCA) to function as a custodian wallet provider. This accreditation is in sync with global regulations crafted to thwart money laundering, terrorist financing, and unauthorized fund movements. Komainu’s unwavering commitment to regulatory compliance and unmatched security mirrors the escalating professionalization enveloping the digital asset realm.

The joint venture between Komainu and Copper signifies not just a partnership but the dawn of an age marked by fortified, efficient, and reliable financial markets. With Komainu’s FCA accreditation, the digital asset world witnesses its unwavering commitment to uphold the zenith of security and compliance standards.