Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has been granted major regulatory approval in the United Kingdom. The company has been given the green light by 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 allows Komainu to offer crypto custody services in the United Kingdom, including collateral management services through its Komainu Connect platform. The company is also regulated by the Jersey Financial Services Commission, where it is headquartered.In early 2021, Komainu announced an agreement with the local authorities to securely store digital assets seized during the investigatory process. The company also obtained a full operating license from Dubai’s Virtual Asset Regulatory Authority in August 2023. Komainu CEO Nicolas Bertrand said that the U.K. remains one of the most important hubs for financial technology and innovation that will spur the convergence of traditional and decentralized finance.

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Information	Details
Geography	Europe
Countries	🇬🇧 🇯🇪 🇺🇸
Sentiment	positive
Relevance Score	10
People	Nicolas Bertrand, Jersey Financial Services Commission.
Companies	CoinShares, Komainu, Ledger, FCA, Nomura
Currencies	None
Securities	None