Komainu Helps GCEX to Expand Crypto Custody Services

GCEX, a digital prime brokerage offering foreign exchange (FX) and crypto services to institutional clients, has announced its newest partnership with Komainu, a joint venture between Nomura and two leading digital assets companies. With the partnership announced on Monday, GCEX will offer its clients a greater choice of regulated custodians.

GCEX Starts New Partnership with Komainu

According to the press release shared with Finance Magnates, Komainu was created in collaboration between Nomura and CoinShares, a digital asset investment manager and Ledger, a crypto hardware technology company. Komainu will help GCEX enrich its existing offering and expand its current support for 5,700 tokens running across 34 native blockchains.

Komainu ensures that assets owned by the company and its clients are fully segregated and aims to enhance GCEX's offering of regulated custodians. The joint venture is headquartered in Jersey and has offices spread across Siganpur, Dubai, Dublin and London.

"Komainu was the ideal partner for us because it is backed by Nomura and has a strong presence in Europe and UAE. Our partnership with Komainu aligns with our strategy of only working with regulated digital custody institutions across the globe," Lars Holst, the Founder & CEO of GCEX, commented.

GCEX allows industry professionals, including institutional traders, hedge funds and brokers, to access deep liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the cryptocurrency markets. Additionally, it offers technology solutions such as 'Crypto in a BoX', a modular plug-and-play trading tool that combines fund security, regulation, custody, technology and tier 1 liquidity.

Komainu's Head of Sales, Darren Jordan, added that the partnership with GCEX aligns with the company's core values. "With an increasing focus on counterparty risk, our partnership further reinforces our joint commitment to keep our clients' assets segregated and secure," Jordan stated.

Check out the latest FMLS session on "Opportunities and Pitfalls in M&As," where GCEX's Lars Holst was a panelist.

New Hires in GCEX

GCEX Group has further strengthened its presence in the Middle East and North Africa (MENA) region with the latest addition of Olivier Honsberger to its Board of Directors of GCEX MENA. Honsberger will oversee the day-to-day operations of the company. He will take up a key role in developing the firm's growth strategy in the region.

"GCEX is a dynamic fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term with a huge amount of potential in the region and a very forward-thinking ethos," Honsberger said.

The group strengthened its leadership with many new hires announced last year. In September, GCEX onboarded Marilu Revelli as a Managing Director. Earlier, the company hired Mehtap Önder as the Managing Director of GECX MENA, Alex Iakobachvili as the Vice President of Business Development and Michael Aagaard as the new Managing Director in Denmark.

In July last year, the Group offered its institutional clients access to 24 hours a day forex trading. The online broker noted that the non-stop forex trading service is mirrored after its round-the-clock crypto trading service.