Post-trade custody and institutional settlement platform Koine has partnered with Panxora to provide dedicated cryptocurrency treasury management services to its clients.

Panxora’s solution hedges against cryptocurrency volatility while allowing clients to retain total control over their portfolio as they are held in their own Koine custodial account.

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.

Koine has also adopted a unique security model that deploys Digital Airlocks, which replaces cold storage and hot wallet model that they deem to to be insecure

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.”

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