Key Points:
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.
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.
High-risk DeFi projects like Merlin Chain, using sidechains and bridges for transactions, attract investors despite…
Hashdex spot Ethereum ETF application has been withdrawn, with the reasons undisclosed.
Key Points: Mastercard Crypto Credential launched, making blockchain transactions simpler and more secure. It facilitates…
Austin, Texas, 29th May 2024, Chainwire
Merlin Chain has witnessed an unprecedented surge in BTC transfers over the past 45 days.
Gemini has announced that its Earn users received $2.18 billion worth of their digital assets…
This website uses cookies.