Komainu Secures VASP License in Dubai
Komainu, a collaboration between Nomura, CoinShares, and Ledger, has obtained a Virtual Asset Service Provider (VASP) license from VARA in Dubai. This achievement is a significant step towards providing secure and compliant custody services for institutional clients.
Main Key Points:
- Komainu MEA FZE, the company’s subsidiary, is committed to establishing a strong regional presence in Dubai.
- With the VASP license, Komainu can offer a comprehensive range of custody services, including institutional staking and collateral management through its Komainu Connect platform.
- Sebastian Widmann, Head of Strategy at Komainu, is excited about the opportunities in Dubai’s booming digital asset ecosystem.
- VARA has a four-stage licensing process, and Komainu has successfully completed all stages to obtain the operating license.
- Other notable players in the cryptocurrency exchange sector, such as Bybit, OKX, and Binance, have also secured licenses from VARA.
Hot Take: Komainu’s VASP license in Dubai solidifies its position as a trusted custodial platform for digital assets. With the region’s growing interest in cryptocurrencies, Komainu is well-positioned to capitalize on the opportunities and contribute to Dubai’s innovative financial hub.
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