CDS Crypto News Crypto Custodian Komainu Announces Receiving Operational License in Dubai
Crypto News

Crypto Custodian Komainu Announces Receiving Operational License in Dubai

Crypto custodian Komainu also became one of the licensees from Dubai.

428
Crypto Custodian Komainu Announces Receiving Operational License in Dubai

Crypto News – The joint venture between Nomura, Ledger, and CoinShares for cryptocurrency custody, Komainu, has been given an operational license by the Virtual Asset Regulatory Authority (VARA) in Dubai. The company’s full range of digital asset custody services, including institutional staking and collateral management, are now available to customers in the emirate.

Crypto Custodian Komainu Announces Receiving Operational License in Dubai

The company announced that through its Komainu Connect platform, Komainu can now offer its entire range of custody services to clients in the emirate, including institutional staking and collateral management. The technology allows users to deploy their digital assets in collateralization scenarios while they are still in segregated custody and traceable on-chain.

We see tremendous opportunities to scale our business here amid a significant boom in assets driven by fund formation and exchange launches,

Sebastian Widmann, head of strategy at Komainu

About Komainu

Komainu, a 2018 startup, provides institutions with a secure custody service for their investments in digital assets. Komainu has served as the custodian for a number of organizations since its full launch in June 2020, including exchanges, financial institutions, and governmental organizations.

Crypto Custodian Komainu Announces Receiving Operational License in Dubai
Sources:coindesk
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

1 Comment

Related Articles

Breaking Crypto News – Overcoming Obstacles: Altcoin Investor Strategies in Today’s Market

Breaking Crypto News - Overcoming Obstacles: Altcoin Investor Strategies in Today's Market

Breaking Crypto News – Key Factors Influencing PEPE Coin Price Bounces

Breaking Crypto News - Key Factors Influencing PEPE Coin Price Bounces

Crypto News – Digital Assets Gain Momentum as Pathway to US Dollar Exposure

Exploring This Week's Crypto Business: Hashdex Files for a Dual Bitcoin and...

Solana Meme Coin Advertisement Posted via 50 Cent’s Hacked Twitter

Solana Meme Coin Promoted Through 50 Cent’s Compromised Twitter Account Solana Meme...