How Komainu Secured UK Crypto Custodian Registration

Komainu Secures Major Regulatory Approval in the U.K.

Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has been granted major regulatory approval in the United Kingdom.

On Oct. 6, the company announced that it had received authorization from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds regulations, 2017.

This crypto asset custody registration with the FCA allows Komainu to offer crypto custody services in the U.K., including its Komainu Connect platform, which provides collateral management services.

“Komainu will offer institutional custody services as well as Komainu Connect, our leading web 3.0 companies for making money with web 3.0, in the United Kingdom,” Komainu’s head of strategy Sebastian Widmann told Cointelegraph.

Komainu Obtains Regulatory Approval in UK

Komainu, a leading web 3.0 company, has obtained regulatory approval from the U.K. authorities, as announced by its CEO Nicolas Bertrand. According to him, this will spur the convergence of traditional and decentralized finance, making the U.K. an important hub for financial technology and innovation.

The crypto custody platform has also obtained a full operating license from Dubai’s Virtual Asset Regulatory Authority in August 2023, and is regulated by the Jersey Financial Services Commission, where it is headquartered. Moreover, Komainu has been working closely with the U.K. authorities in recent years and made an agreement with them in early 2021 to securely store digital assets seized during the investigatory process.

With this approval, Komainu is now in a position to help those wishing to make money with web 3.0 and explore the decentralized nature of the technology. With this, U.K. citizens can now safely make money on web 3.0 and make money from web 3.0.