CoinShares-owned Komainu secures FCA approval

Komainu secures UK FCA approval for crypto custody services, expanding its global presence while adhering to regulations.
CoinShares-owned Komainu secures FCA approval

The UK Financial Conduct Authority (FCA) has given Komainu permission to function as a custodian wallet provider under specific rules. Komainu is a supplier of digital asset custody services. Through the usage of its Komainu Connect technology, Komainu can now handle digital assets used as collateral and offer its crypto custody services in the UK.

As Komainu’s CEO, Nicolas Bertrand, put it, “We are perfectly positioned to take advantage of the growing digital asset ecosystem in the UK, and other key jurisdictions, and remain committed to our growth plans.”

The Jersey Financial Services Commission (JFSC) has been in charge of Komainu’s regulatory oversight since November 2019. The Dubai Virtual Asset Regulatory Authority (VARA) granted it a license in February of this year.

Additionally, Komainu offers its custody service to institutional clients in Italy due to the fact that its European business is listed in the relevant registry there. Komainu is now active in Singapore. The expansion of Komainu and regulatory permissions reflect the company’s resolve to follow the evolving landscape of crypto assets while complying by the law.

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