Komainu Approved to Operate as a Crypto Custodian Wallet Provider in UK

Following its obtainment of a full operating license from Dubai's Virtual Asset Regulatory Authority ​(VARA), Komainu, a regulated custodian for digital assets for institutions, has received the approval from the UK Financial Conduct Authority (FCA) to operate as a custodian wallet provider in the country.

The latest registration allows Komainu to deliver crypto-custody services in the UK. Specifically, the company can now provide collateral management services through its Komainu Connect, a collateral management platform, for safe and compliant storage and handling of digital assets in the region.

"This is a key regulatory milestone as 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 Nicolas Bertrand, the CEO of Komainu.

"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."