GCEX extends partnership with Komainu to include Staking
Digital Prime Brokerage GCEX has announced an extension of its partnership with Komainu, a regulated digital asset custodian, founded as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager CoinShares. This partnership enables GCEX to offer staking services to its institutional and professional clients.
Crypto staking enables crypto holders to earn rewards (akin to interest in a savings account) when the holder pledges its cryptocurrency toward helping validate transactions on the blockchain. The crypto is then locked for a set period of time, to help support the operation of a blockchain by being used toward helping validate transactions on the blockchain. This is done to avoid the computational cost of proof-of-work schemes.
Komainu offers a secure, regulated, and compliant infrastructure for digital asset custody and staking services. Through this partnership, GCEX is able to offer its clients access to Komainu’s staking solutions, allowing them to earn rewards on their digital assets while remaining under secure, segregated custody.
GCEX CEO, Lars Holst said,
“We are delighted to extend our partnership with Komainu, giving our clients access to secure and compliant staking services, enabling them to participate in staking rewards for digital assets. We are committed to providing our clients with the best possible service and this partnership is a testament to that.”
Komainu Head of Sales, Darren Jordan added:
“Adding staking was a natural next step in our suite of offerings for GCEX clients. Offering custody alone doesn’t cut it anymore, the market demands more innovative solutions, clients require utility of their assets. That is why Komainu built a suite of services including regulated custody, staking and collateral management, and we are pleased to extend our partnership with GCEX Group to provide staking services.”
Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager CoinShares. Offering multi-asset support in a regulated environment, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and the Dubai Virtual Assets Regulatory Authority (VARA).
GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of Forex brokerage and technology solutions. Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA, registered with the Danish FSA and has been granted a Virtual Asset Service Provider License for the MVP phase by the Dubai Virtual Assets Regulatory Authority. True Global Ventures are investors in GCEX.