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Komainu Registers Crypto Services with the UK FCA

Komainu, the digital asset platform, announced that it has successfully registered with the UK Financial Conduct Authority (FCA) and will now offer a custodial wallet service for its clients. As part of this registration, Komainu will adhere to anti-money laundering (AML) and know your customer (KYC) rules.

Based in Jersey, where it is already regulated by the Jersey Financial Services Commission, Komainu will now expand its services to the UK. The platform will provide crypto-custody services, including collateral management services, through its Komainu Connect platform.

Komainu was established in 2018 as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. CEO Nicolas Bertrand described the registration as a major milestone for the company, as the UK is a top fintech hub that supports innovation, including the growth of decentralized finance.

The platform has been actively expanding its presence in various jurisdictions and has recently been granted a virtual asset service provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). In addition, Komainu’s European subsidiary has been added to the OAM registry in Italy, enabling the company to offer custody services to institutional clients in Italy. Komainu has also been operating in Singapore since 2021.

Evelien van den Arend, Head of Legal, Compliance and Regulation at Komainu, stated that the registration with the UK FCA is part of the company’s growth strategy and commitment to a strong regulatory roadmap.

Komainu’s services include custodial solutions for digital assets, catering to exchanges, financial institutions, asset managers, corporations, and government agencies. With its expanding global reach and regulatory compliance, Komainu aims to capitalize on the growing digital asset ecosystem and establish itself as a leading player in the industry.

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