Bybit Partners with Komainu for Enhanced Institutional Asset Management and Security

Bybit and Komainu Join Forces for a Safer Trading Experience

In a significant development for institutional investors, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with Komainu, a regulated provider of digital asset services. This collaboration aims to enhance trading security and manage assets with improved efficiency and compliance, offering round-the-clock trading capabilities. Komainu, backed by Laser Digital and Blockstream, has introduced its platform, Komainu Connect, which is designed to integrate institutional trading and asset custody seamlessly.

The partnership allows institutional clients to trade at any time while ensuring that their digital assets are securely managed. This unique setup enables clients to hold assets at a third-party regulated custodian, which facilitates better management of counterparty risk. Furthermore, automatic and routine off-exchange liquidations eliminate the need for pre-funding on exchanges, providing a smoother trading experience.

Key Benefits of the Collaboration

1. 100% Collateral Mirroring: All delegated assets are mirrored on exchanges within collateral wallets, ensuring full transparency and security.
2. Off-Exchange Settlement Process: By eliminating the need for exchange pre-funding, the system provides financial flexibility.
3. Transparency: Assets are stored in separate on-chain wallets, protecting them from potential failures and ensuring legal clarity.
4. Holistic Portfolio Views: Clients receive dedicated wallets, improving asset management and oversight.
5. Scalability and Support: Comprehensive asset coverage supports an ever-growing list of institutional-grade assets.

Paul Frost Smith, co-CEO of Komainu, expressed enthusiasm about welcoming Bybit to the Komainu Connect ecosystem, emphasizing that institutional investors increasingly demand market opportunities without sacrificing security or compliance. The goal of Komainu Connect is to merge regulated custody with frictionless market access, further strengthening its list of trusted exchanges and commitment to a safer trading environment.

Yoyee Wang, head of Business to Business at Bybit, also noted the importance of building trust and safety for their clients, indicating that this partnership is a strategic move to enhance the feedback received from their user base and to reinforce their service offerings. Bybit aims to provide a secure regulated custody solution along with the desired flexibility and scalability, ensuring it meets institutional expectations in a rapidly evolving market.

About Bybit

Founded in 2018, Bybit is transforming the decentralized landscape by creating a more equitable financial ecosystem for all users. With a focus on Web3 technologies, the platform collaborates with major blockchain protocols to develop robust infrastructure and promote innovative solutions. Known for its secure custody and user-friendly interface, Bybit bridges traditional finance (TradFi) and decentralized finance (DeFi) opportunities.

To explore the future of decentralized finance, visit Bybit.com. For media inquiries, reach out through their press contact channels.

About Komainu

Operating from Jersey with offices in London, Dubai, and Singapore, Komainu is the institutional gateway for digital assets. They offer banking-level infrastructure for institutional investors, providing integrated, secure services with multipronged regulatory oversight. By marrying traditional financial expertise with state-of-the-art security standards, Komainu leads the next generation of digital asset custody, management, and financing. Komainu is regulated by both the Jersey Financial Services Commission and the Dubai Virtual Assets Regulatory Authority, ensuring compliance in a global market.

Further information about Komainu can be found on their official website.