The UK Financial Conduct Authority (FCA) has approved the registration of digital asset custody company Komainu. Cointelegraph reports this.
Obtained on October 6, the license allows the firm to provide crypto custodian services in the United Kingdom, including collateral management through the Komainu Connect platform.
“The UK remains one of the most important hubs for financial technology and innovation, which will drive the convergence of traditional and decentralized finance,” said company CEO Nicolas Bertrand.
Aimed at institutional investors, Komainu was founded in 2018 by Japanese bank Nomura, hardware wallet developer Ledger and investment firm CoinShares.
In 2021, UK law enforcement agencies chose Komainu as a service for storing confiscated crypto assets.
In August 2023, the company received a full operating license from the Dubai Virtual Assets Authority.
Let us remind you that the Kraken exchange, the infrastructure provider MoonPay, the Gemini trading platform of the Winklevoss brothers and the Andreessen Horowitz venture fund have already received approval to operate in the UK.
In July 2023, Ripple submitted an application to the FCA to register as a cryptocurrency company. The department also included the Bitcoin exchange Bitstamp in the register, and the local subsidiary of Binance withdrew its application.
Previously, the department reported that out of 291 applications from crypto companies, only 38 were approved – about 13%.
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