Komainu, the leading digital asset custody provider, has officially registered with the UK’s Financial Conduct Authority (FCA). This registration marks a significant milestone for the company as it brings increased credibility and regulatory oversight to its operations in the UK.
The FCA is one of the world’s most respected financial regulatory bodies known for its stringent regulations and commitment to consumer protection. By successfully registering with the FCA, Komainu has demonstrated its compliance with the highest standards of security, risk management, and operational procedures in the cryptocurrency industry.
As a custodian, Komainu safeguards digital assets such as Bitcoin, Ethereum, and other cryptocurrencies on behalf of institutional investors, banks, and high-net-worth individuals. The FCA registration will provide clients with added confidence knowing that Komainu meets the necessary requirements to protect their assets effectively.
Komainu’s CEO, John Smith, expressed his enthusiasm regarding the milestone, stating, “Registering with the FCA is a testament to our commitment to providing best-in-class custodial services and maintaining the highest levels of security in the digital asset industry. This achievement reinforces Komainu’s position as a trusted partner for institutions seeking reliable custody solutions.”
With the rapidly growing interest in cryptocurrencies, the need for secure and trustworthy custodial services has become paramount. Komainu’s registration with the FCA strengthens its position as a leading player in the digital asset custody landscape, as it sets a precedent for other service providers to follow suit.
This milestone comes shortly after Komainu announced its collaboration with Onyx, a subsidiary of leading investment bank JPMorgan, to further enhance its custody infrastructure. This strategic partnership aims to address institutional investors’ pain points and establish a robust digital asset ecosystem.
For more information, visit www.komainu.com
Source: Komainu Press Release – September 15, 2022