Digital asset custodian Komainu awarded ‘viable product’ licence by Dubai regulator – The National
- Date: 22-Nov-2022
- Source: The National
- Sector:Technology
- Country:UAE
Digital asset custodian Komainu awarded ‘viable product’ licence by Dubai regulator – The National
Komainu, a digital asset custodian for institutions, has received a minimal viable product (MVP) licence from Dubai’s Virtual Assets Regulatory Authority (Vara), the company said on Tuesday.
The company — a venture between Japanese investment bank Nomura, digital asset manager CoinShares and digital asset security company Ledger — received provisional approval to operate in Dubai in July.
The transition to an MVP licence means Komainu can offer an approved range of virtual asset-related services to institutional investors in Dubai, the company said.