On Friday digital asset custody firm Komainu announced it received a UK license from the Financial Conduct Authority (FCA), which primarily requires compliance with anti-money laundering legislation. Komainu is a joint venture founded by Nomura, Coinshares and tech firm Ledger.
In the UK, Komainu can now provide institutional crypto custody as well as collateral management services using Komainu Connect. The collateral management solution is similar to triparty arrangements in traditional finance (TradFi). The company uses a trust structure to ensure assets are bankruptcy remote.
The digital assets firm was founded in Jersey in 2018 and launched in 2020 with local regulatory approval. This year the company also achieved licenses from Dubai’s VARA and Italy’s OAM registry and has a presence in Singapore.
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