Post-trade custody and institutional settlement platform Koine has partnered with Panxora to provide dedicated cryptocurrency treasury management services to its clients.
The service operates like a classic segregated managed account and works with the a number of liquid cryptocurrency exchanges in conjunction with Koine’s post-trade settlement solution, which is designed to minimise credit and counterparty exposure.
Licensed by the UK’s Financial Conduct Authority as an Electronic Money Institution for the issuance of electronic money, Koine is specifically designed for institutional investors to mitigate counterparty, insolvency and credit risks of trading on exchanges.
— Panxora (@PanxoraCrypto) June 25, 2020
Koine’s CEO and Chairman Hugh Hughes hailed the partnership with Panxora as a major step forwards for the company in its mission to safeguard clients’ assets.
“From Koine’s inception, our main focus was the protection of digital assets, which is why we’re working with independent services like Panxora to support institutions in managing their funds in the most secure way possible.” Hughes commented.
“We will continue to work with various third-parties, including tax reporting, margin and lending, to ensure all our clients’ needs are accounted for.”
Gavin Smith, CEO at Panxora, added: “As the cryptocurrency markets mature, governance will become a key differentiator for companies operating in this space. Working with Koine allows Panxora to offer our clients an integrated solution that actively manages their market risk in a very volatile asset class while protecting their assets from counterparty risk that would usually be a key concern in this sector.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.