Deribit Partners with Komainu to Enable Custody-Based Institutional Trading

Deribit’s integration with Komainu Connect lets institutions trade crypto derivatives without moving assets from regulated custody, addressing security and compliance needs amid rising institutional demand.

BUIDL

Summary

Deribit has partnered with digital asset custodian Komainu to allow institutional clients to trade derivatives while keeping assets securely in regulated custody. The integration via Komainu Connect enables collateral management between custodians and trading venues, cutting counterparty and settlement risks. Komainu, backed by Laser Digital and connected to Nomura, offers bankruptcy-remote segregated wallets and supports collateral such as tokenized Treasury funds and staked ether. This setup targets increased institutional demand for compliant, off-exchange crypto trading. Coinbase, which acquired Deribit earlier this year, expects growing participation from European and U.S. institutions.

Terms & Concepts
  • Digital Asset Custodian: A regulated entity that securely stores cryptocurrencies and other digital assets on behalf of clients.
  • Counterparty Risk: The risk that the other party in a financial transaction may default on its contractual obligations.
  • Custody-Based Trading: A trading model where assets remain in secure custody accounts while transactions are executed, reducing settlement and counterparty exposure.