Crypto Custody JV Komainu Receives Full Operating License from Dubai’s VARA
Crypto custody joint venture Komainu has announced that it has obtained a full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Komainu to provide its complete range of custody services.
Key Points:
- Komainu, a joint venture between Nomura, Ledger, and CoinShares, has received a full operating license from VARA.
- The license enables Komainu to offer its full suite of custody services, including institutional staking and collateral management.
- Komainu sees significant growth opportunities in Dubai’s digital asset ecosystem and aims to contribute to the region’s innovative financial hub.
- The regulated custodian was established in 2018 and provides custody services to various entities, such as exchanges, financial institutions, and government agencies.
- Nomura Holdings, the parent company of Komainu, also received a full crypto license in Dubai through its subsidiary, Laser Digital Middle East FZE.
Hot Take: The full operating license obtained by Komainu from Dubai’s VARA is a significant milestone for the crypto custody joint venture. With the ability to offer its complete range of services, Komainu is well-positioned to capitalize on the booming digital asset market in Dubai and contribute to the growth of the region’s financial ecosystem.
By
By
By
By
By