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News

Komainu Secures Full Cryptocurrency Custodian License In Dubai

August 22, 2023 - Around 2 mins mins to read

Key Points:

  • Komainu, co-founded by Nomura Securities, Ledger, and Coinshares, has achieved a significant milestone.
  • VARA’s rigorous four-stage licensing process – provisional, MVP, and full market product licensing – has been successfully navigated by Komainu.
Komainu, the crypto watchdog co-founded by industry giants Nomura Securities, Ledger, and Coinshares, has achieved a significant milestone by securing approval from the Dubai Virtual Assets Authority (VARA) to provide custody services to customers in Dubai.
Komainu Secures Full Cryptocurrency Custodian License In Dubai

This move signals a major step forward in Komainu’s efforts to establish itself as a trusted player in the rapidly evolving cryptocurrency landscape.

The approval from VARA comes after a rigorous four-stage licensing process that includes provisional licensing, MVP product licensing preparation and operation, and full market product licensing (FMP). Having successfully completed all the stages, Komainu is now poised to offer a range of institutional mortgage and mortgage management services in the region through its innovative platform, Komainu Connect. This marks a significant expansion beyond its existing portfolio, showcasing the company’s commitment to meeting the evolving needs of the crypto market.

Komainu Secures Full Cryptocurrency Custodian License In Dubai

Co-founded by Nomura Securities, Ledger, and Coinshares’s comprehensive custody solutions are expected to provide customers in Dubai with a secure and regulated environment to manage their digital assets. The company’s reputation, backed by its esteemed co-founders, positions it well to cater to the growing demand for reliable cryptocurrency services in the Middle East.

This achievement follows Co-founded by Nomura Securities, Ledger, and Coinshares’s temporary regulatory license announcement in July, signifying the company’s intent to establish a meaningful presence in Dubai’s thriving crypto ecosystem. The move not only underscores Komainu’s strategic vision but also highlights Dubai’s rising importance as a global fintech and blockchain hub.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

cryptocurrency custodian

Custodian License In Dubai

Komainu

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Komainu Secures Full Cryptocurrency Custodian License In Dubai

Key Points:

  • Komainu, co-founded by Nomura Securities, Ledger, and Coinshares, has achieved a significant milestone.
  • VARA’s rigorous four-stage licensing process – provisional, MVP, and full market product licensing – has been successfully navigated by Komainu.
Komainu, the crypto watchdog co-founded by industry giants Nomura Securities, Ledger, and Coinshares, has achieved a significant milestone by securing approval from the Dubai Virtual Assets Authority (VARA) to provide custody services to customers in Dubai.
Komainu Secures Full Cryptocurrency Custodian License In Dubai

This move signals a major step forward in Komainu’s efforts to establish itself as a trusted player in the rapidly evolving cryptocurrency landscape.

The approval from VARA comes after a rigorous four-stage licensing process that includes provisional licensing, MVP product licensing preparation and operation, and full market product licensing (FMP). Having successfully completed all the stages, Komainu is now poised to offer a range of institutional mortgage and mortgage management services in the region through its innovative platform, Komainu Connect. This marks a significant expansion beyond its existing portfolio, showcasing the company’s commitment to meeting the evolving needs of the crypto market.

Komainu Secures Full Cryptocurrency Custodian License In Dubai

Co-founded by Nomura Securities, Ledger, and Coinshares’s comprehensive custody solutions are expected to provide customers in Dubai with a secure and regulated environment to manage their digital assets. The company’s reputation, backed by its esteemed co-founders, positions it well to cater to the growing demand for reliable cryptocurrency services in the Middle East.

This achievement follows Co-founded by Nomura Securities, Ledger, and Coinshares’s temporary regulatory license announcement in July, signifying the company’s intent to establish a meaningful presence in Dubai’s thriving crypto ecosystem. The move not only underscores Komainu’s strategic vision but also highlights Dubai’s rising importance as a global fintech and blockchain hub.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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