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Japan Nomura’s crypto custody firm Komainu bags Dubai license

Komainu, a joint venture between Japanese financial services group Nomura Holdings, blockchain developer Ledger, and digital asset investment manager CoinShares, announced Tuesday that it received an operating license from the Virtual Asset Regulatory Authority (VARA) in Dubai. The license allows the company to offer Dubai customers its custody services in full, including institutional staking and collateral management via its platform Komainu Connect. Komainu sees “tremendous” growth opportunities in Dubai. The company also has offices in London, Dublin and Singapore. Komainu, established in 2018, mainly provides crypto custody to exchanges, institutions and asset managers.

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