Komainu Receives Full Operating License from Dubai’s VARA
Crypto custody joint venture Komainu has been granted a full operating license by Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Komainu to offer its full range of custody services, including institutional staking and collateral management.
Key Points:
- Komainu, a joint venture between Nomura, Ledger, and CoinShares, has received a full operating license from VARA in Dubai.
- The license allows Komainu to offer its full suite of custody services, including institutional staking and collateral management.
- Komainu sees great potential for growth in Dubai’s digital asset ecosystem and plans to contribute to the region’s innovative financial hub.
- The regulated digital asset custodian was built by institutions for institutions and offers multi-asset support.
- Nomura Holdings subsidiary, Laser Digital Middle East FZE, also received a full crypto license in Dubai.
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Hot Take:
Komainu’s receipt of a full operating license from VARA solidifies its position as a trusted and compliant custodian in the crypto industry. With the ability to offer its full suite of services, including institutional staking and collateral management, Komainu is well-positioned to capitalize on the booming asset growth in Dubai. This license is not only a testament to Komainu’s expertise but also an indication of Dubai’s commitment to fostering a vibrant digital asset ecosystem.
