Today digital asset custodian Komainu announced it received a minimal viable product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This means Komainu can provide institutions in the UAE with digital asset custody and virtual asset management services.
Komainu was founded in Jersey(UK) in 2018 by Nomura, crypto custody technology firm Ledger, and digital asset fund manager Coinshares.
“In this current phase of heightened global appreciation for responsible virtual asset participant, VARA is pleased to onboard our first tradFi VASP – Komainu to join the MVP phase of the regulatory regime,” said His Excellency Helal Saeed Al-Marri, Chairman of VARA.
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