CoinShares Partners With Komainu to Increase Investor Trust and Security

CoinShares, a platform with the mission to “expand access to the digital asset ecosystem while serving as trusted partners for our clients,” has partnered with digital asset custody business Komainu to “serve as the custodian of all digital assets held by CoinShares Capital Markets including those used to physically back the XBT Provider family of exchange traded products (ETPs),” a press release from the group notes.

These ETPs have close to $722.5 mn worth of assets in the platform’s management, and users can trade them throughout Europe on a variety of spaces, including Nasdaq OMX Stockholm, Nordic Growth Market, and Boerse Stuttgart, the release also states.

Essentially, CoinShares will utilize Komainu’s services to increase investor trust.

Speaking on the matter is the Head of Product at CoinShares, Townsend Lansing, who said:

“The digital asset ecosystem is always evolving rapidly, and safe custody of assets is of the utmost importance for our investors and a pre requisite for us. We periodically review our third party relationships, as it is our duty to ensure our products are backed by the best infrastructure and expertise available. We are excited to work with Komainu, and as the XBT Provider platform marks its 5th year of operation, we believe their unique offering and deep understanding of digital asset markets will best serve our investors’ interests going forward.”