Koine partners with Panxora to boost digital post-trade services

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UK-based post-trade custody and settlement platform Koine has teamed up with crypto treasury management service, Panxora. The collaboration will benefit mutual clients with the provision of services that reduce risks associated with holding cryptocurrencies for organisations investing in the digital asset class.

Hugh Hughes, CEO and Chairman at Koine, said, “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. We will continue to work with various third-parties, including tax reporting, margin and lending, to ensure all our clients’ needs are accounted for.”

The partnership will see Panxora’s models support Koine’s client base by allowing clients to maintain control over their digital asset portfolio. The combined services of the companies aim to minimise credit and counterparty exposure.

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.”

According to Panxora, its AI models have been designed to adapt to the behaviour of the cryptocurrency markets and leverage the upward trends while limiting the losses experienced.

Recently, Koine announced an integration with digital broker GC Exchange Limited (GCEX). The integration enables the latter to leverage Koine’s platform for fiat and digital currencies.