Komainu, a digital asset platform for institutions, says it is now registered with the UK Financial Conduct Authority (FCA) and will provide a custodial wallet service for clients. Komainu must adhere to AML/KYC rules. Komainu will offer crypto-custody services in the UK, including collateral management services via its Komainu Connect platform. Komainu is based in Jersey, where it is already regulated by the Jersey Financial Services Commission.
Komainu was created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger.
Komainu CEO Nicolas Bertrand said registration was a key milestone for the firm as the UK remains a top Fintech hub supporting innovation, including the advent of decentralized finance.
“We are perfectly positioned to take advantage of the growing digital asset ecosystem in the UK, and other key jurisdictions and remain committed to our growth plans.”
Komainu noted that in the past year, it had been granted a VASP (virtual asset service provider) license from the Dubai Virtual Assets Regulatory Authority (VARA). Komainu’s European subsidiary was recently added to the OAM registry in Italy, now allowing it to offer digital asset custody services to Italian institutional clients actively.
Komainu states that it has also been operational in Singapore since 2021.
“This UK MLR registration follows our recent registration with the relevant Italian authorities, as well as our establishment in Dubai. We are committed to supporting our growth strategy with a sound regulatory roadmap,” said Evelien van den Arend, Head of Legal, Compliance and Regulation at Komainu.
Founded in 2018, Komainu provides custody services for digital assets for exchanges, financial institutions, asset managers, corporations, and government agencies.