Komainu Expands UAE License to Offer Collateral Wallet Services for Institutional Crypto Trading
Komainu has become the first VIRTUAL asset service provider (VASP) in Dubai to secure an extended license for collateral management services. The new offering, dubbed Komainu Connect, builds on its existing 2023 Virtual Assets Regulatory Authority (VARA) license for custody and staking services.
The platform aims to mitigate counterparty risks for institutional traders by allowing assets to remain in regulated custody while being deployed across partner trading venues. "We're bringing Jersey-tested solutions to the UAE," said Sebastian Widmann, Head of Dubai Office at Komainu.
The move signals growing institutional demand for compliant crypto infrastructure in the Middle East. No specific coins or exchanges were mentioned in the announcement, though the service will operate within VARA's regulatory framework for digital assets.