Crypto custody joint venture Komainu announced it received a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). 

Komainu, the joint venture (JV) between Nomura, Ledger, and CoinShares, has been awarded a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). The operating license allows Komainu to offer its full range of custody services.  

Komainu To Offer Full Range of Custody Services

In a press release, the digital asset custody service provider announced that it had been granted the operational license after securing its MVP license in November 2022. Komainu said that achieving “this final step in VARA’s licensing process allows Komainu to offer its full suite of custody services,” which includes institutional staking and collateral management through its Komainu Connect platform to clients in Dubai. 

Komainu’s Head of Strategy, Sebastian Widmann, said in the press release:

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

Adding, 

“Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub. Our presence and desirable regulatory status in the region marks another differentiator for us as we execute the next phase of our business.”

The regulated digital asset custodian was built by “institutions for institutions” and came into existence as a JV between dig

Go to Source to See Full Article
Author: Jana Serfontein

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details