CoinShares-owned Komainu confirms registration of crypto guardian in UK

Comanu, a cryptocurrency custody firm co-founded by crypto investment company CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has received major regulatory approval in the United Kingdom.

The company On October 6, the Financial Conduct Authority (FCA) of the United Kingdom announced that it has received permission to register as a guardian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds, 2017.

The crypto asset protection registration with the FCA enables Comanu to offer crypto protection services in the UK, including asset management services, through the Comanu Connect platform.

“Commanu provides institutional custody services as well as Commanu Connect, the leading collateral management solution in the UK,” Sebastian Widmann, Comanu's head of strategy, told Cointelegraph.

“The UK will continue to be one of the most important hubs of financial technology and innovation, driving traditional and decentralized financial connectivity,” said Nicolas Bertrand, CEO of Comanu.

Related: CoinShares Says US Not Lagging in Crypto Adoption and Regulation

Comine's latest regulatory approval comes after the company received a full operating license from the Dubai Virtual Asset Regulatory Authority in August 2023. The crypto holding platform is also headquartered in Jersey and regulated by the Financial Services Commission.

As previously reported, Comanu has been working closely with UK authorities in recent years. In the year In early 2021, Comanu said it had reached an agreement with local authorities to securely store digital assets seized during the investigation.

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