Bybit, the world's second-largest cryptocurrency exchange by trading volume, has joined Komainu Connect — a collateral management platform operated by regulated digital asset custodian Komainu. The partnership allows institutional clients to trade 24/7 while keeping their assets securely stored with a third-party custodian, effectively managing counterparty risk.
How Komainu Connect Works with Bybit
Through automated off-exchange settlement, clients no longer need to pre-fund their exchange accounts. All delegated assets in collateral wallets are mirrored 100% on-exchange, providing real-time visibility without transferring ownership. Komainu, backed by Laser Digital and Blockstream, ensures that assets remain in bankruptcy-remote, on-chain segregated wallets.
Key Features: Transparency and Legal Clarity
The integration offers five major benefits: full collateral mirroring between custody and exchange wallets; off-exchange settlement that eliminates pre-funding; transparency through on-chain segregated wallets; holistic wallet view with client-by-client dedicated wallets; and broad asset coverage for a growing list of institutional-grade digital assets.
Executives Weigh In
A Komainu spokesperson stated: “Institutional investors increasingly demand the ability to act on market opportunities without compromising on security or compliance. Komainu Connect delivers exactly that.” Bybit added: “Our top priority is to ensure trust and security for our clients. Partnering with Komainu is another step in listening to our clients’ needs and strengthening our capabilities.”
Bybit, founded in 2018, serves over 60 million users globally and focuses on bridging TradFi and DeFi. Komainu is regulated by the Jersey Financial Services Commission and the Dubai Virtual Assets Regulatory Authority, with offices in London, Dubai, and Singapore. This move strengthens the institutional infrastructure for crypto trading, reducing the need for trust in a single exchange.