Komainu, the digital asset custody joint venture founded by Nomura, Coinshares and tech firm Ledger, has received its full operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). Last year it received the minimum viable product (MVP) license.
Apart from institutional custody, the license allows Komainu to provide institutional staking services and collateral management to customers within Dubai.
“We see tremendous opportunities to scale our business here amid a significant boom in assets driven by fund formation and exchange launches,” said Sebastian Widmann, Komainu’s Head of Strategy. “Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub.”
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