Komainu Receives Approval from FCA to Expand Crypto Services in the UK
Komainu, a cryptocurrency custody firm, has been granted approval by the UK’s Financial Conduct Authority (FCA) to operate as a custodian wallet provider. This approval allows Komainu to extend its crypto custody services in the UK and offer collateral management services through its platform, Komainu Connect. Sebastian Widmann, the head of strategy at Komainu, emphasized the company’s intention to provide institutional custody services and highlighted Komainu Connect as a leading collateral management solution in the UK.
Komainu Achieves Regulatory Milestones Globally
In addition to receiving approval from the FCA, Komainu has achieved other regulatory milestones. The company recently obtained a full operating license from Dubai’s Virtual Asset Regulatory Authority and is regulated by the Jersey Financial Services Commission. Komainu has also collaborated with UK authorities on the secure storage of digital assets during investigations.
Komainu Expands into the US Market with Coinshares Hedge Fund Solutions
Komainu is not limiting its operations to the UK and Dubai. The firm has unveiled its hedge fund division, Coinshares Hedge Fund Solutions, indicating its intent to penetrate the US market. Qualified American investors will now have access to Coinshares’ range of private investment products.
Hot Take: Komainu Continues to Expand its Global Presence
Komainu’s approval from the FCA allows it to expand its crypto custody services in the UK and offer collateral management solutions. With regulatory milestones achieved in Dubai and Jersey, Komainu demonstrates its commitment to compliance and security. Furthermore, its entry into the US market through Coinshares Hedge Fund Solutions opens up new opportunities for qualified American investors. As Komainu continues to grow its global presence, it solidifies its position as a leading player in the cryptocurrency custody industry.
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