CoinShares’ crypto venture Komainu secures crypto registration in the UK

Komainu granted approval by the Financial Conduct Authority

Komainu, a cryptocurrency custody firm co-founded by CoinShares, Ledger, and Nomura, has achieved a significant milestone in the United Kingdom. The company announced on October 6th that it has received regulatory approval from the UK Financial Conduct Authority (FCA) to register as a custodian wallet provider. This approval allows Komainu to offer crypto custody services in the UK, including collateral management services through its Komainu Connect platform.

Expanding presence in key jurisdictions

This recent approval from the FCA follows Komainu's full operating license obtained from Dubai's Virtual Asset Regulatory Authority in August 2023. Komainu is also regulated by the Jersey Financial Services Commission, where its headquarters are located.

Komainu's collaboration with UK authorities

Komainu has been working closely with UK authorities, as reported earlier. The company made an agreement with local authorities in early 2021 to securely store digital assets seized during the investigatory process. This collaboration demonstrates Komainu's commitment to compliance and ensuring the security of digital assets in partnership with regulatory bodies.

"The UK remains one of the most important hubs for financial technology and innovation that will spur the convergence of traditional and decentralized finance," said Komainu CEO Nicolas Bertrand.