Komainu Secures Lucrative Dubai License To Offer Custody Services To Crypto
Portfolio Pulse from Murtuza Merchant
Komainu, a joint cryptocurrency custody venture involving Nomura (NYSE:NMR), Ledger and CoinShares, has been granted an operating license by Dubai's Virtual Asset Regulatory Authority (VARA). This license allows Komainu to extend its custody services, including institutional staking and collateral management, to clients within Dubai through its Komainu Connect platform. Other significant players, such as Laser Digital, a digital asset subsidiary of Nomura, and Binance, have also recently secured operating licenses from VARA.
August 22, 2023 | 9:44 pm
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Nomura's joint venture Komainu has been granted a license to extend its crypto custody services in Dubai. This could potentially increase Nomura's exposure to the growing crypto market.
The news of Komainu securing a license to extend its services in Dubai is directly relevant to Nomura as it is a part of the joint venture. This could potentially increase Nomura's exposure to the growing crypto market, which could have a positive impact on its stock in the short term.
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