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
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.