The partnership with Komainu will enhance GCEX’s offering of regulated custodians to its institutional and professional clients.
GCEX is a licenced digital prime brokerage that was established in 2018.
By working with Komainu, GCEX will be able to increase the scope of its custodial services.
GCEX, a digital prime brokerage that provides institutional clients with foreign exchange (FX) and cryptocurrency services, has announced its newest collaboration with Komainu, a cooperation between Nomura and two major digital assets firms. GCEX will now give its clients a wider selection of regulated custodians thanks to the alliance, which was announced on Monday.
GCEX and Komainu Form New Partnership
In accordance with the news release provided to Finance Magnates, Nomura, CoinShares, a manager of digital asset investments, and Ledger, a maker of crypto hardware technology, joined together to develop Komainu. Komainu will assist GCEX in expanding its support for the 5,700 tokens that are now supported across 34 native blockchains and enhancing its present offering.
Komainu works to improve GCEX’s selection of regulated custodians by ensuring that the assets owned by the company and its clients are completely segregated. The joint venture has offices in Siganpur, Dubai, Dublin, and London in addition to its Jersey headquarters.
“Because Komainu is supported by Nomura and is well-known in Europe and the United Arab Emirates, it was the perfect partner for us. Our collaboration with Komainu is in line with our policy of only cooperating with reputable digital custody companies worldwide “The CEO and Founder of GCEX, Lars Holst, made a statement.
Professionals in the market, including as institutional traders, hedge funds, and brokers, may access substantial liquidity in the cryptocurrency markets thanks to GCEX. Additionally, it provides technological solutions like “Crypto in a BoX,” a plug-and-play modular trading instrument that integrates fund security, regulation, custody, technology, and tier 1 liquidity.
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Darren Jordan, the head of sales at Komainu, stated that the collaboration with GCEX is consistent with the company’s guiding principles. The agreement, according to Jordan, “further underlines our shared commitment to keep our clients’ assets separated and secure with an increasing focus on counterparty risk.”
New Employees at GCEX
With the most recent appointment of Olivier Honsberger to the Board of Directors of GCEX MENA, GCEX Group has further strengthened its position in the Middle East and North Africa (MENA) region. Honsberger will be in charge of the business’ daily operations. He will play a significant part in creating the company’s regional growth plan.
GCEX is a vibrant fintech with tremendous potential in the area and a very forward-thinking mindset, according to Honsberger.
With the announcement of numerous new employees last year, the organisation bolstered its leadership. Marilu Revelli joined GCEX as a Managing Director in September. Earlier, the business hired Michael Aagaard as the new Managing Director in Denmark, Mehtap nder as the Managing Director of GECX MENA, Alex Iakobachvili as the Vice President of Business Development.
The Group started providing institutional clients with access to 24-hour currency trading in July of last year. The online broker pointed out that its round-the-clock crypto trading service is paralleled by its nonstop FX trading service.