Komainu, a regulated digital asset services provider and custodian, backed by Nomura, has been chosen by CoinShares as custodian for the SEC approved CoinShares Valkyrie Bitcoin Fund.
The firm writes that this addition solidifies Komainu’s position as a preferred custodian for ETF issuers, currently supporting ETP providers in the UK, Europe, and now the US.
Komainu is regulated by the Jersey Financial Services Commission and the Dubai Virtual Assets Regulatory Authority, and registered by the UK FCA, and was recently included as a core custodian for NASDAQ and SIX, demonstrating adherence to the highest standards of compliance, governance and customer protection.
The firm writes that the offering of ETP-related custodial services in the US is a natural next step, in recognition of Komainu’s core values, ‘and is proof of our commitment to providing bank-grade security and unmatched operational excellence in the digital assets space’.
CoinShares acquired Valkyrie Funds LLC in March 2024 as part of its expansion into the US market. This acquisition included the sponsor rights to the Valkyrie Bitcoin Fund, a physically-backed bitcoin ETF.
CoinShares writes that it requires custodial partners to meet strict regulatory requirements in various jurisdictions, as well as supporting them with complex digital asset custody and staking services. “We are proud to support CoinShares with the custody of their various ETP products, especially as they expand into the US market,” the firm says. “This continued trust demonstrates how Komainu’s practices as a regulated digital asset service provider align with the high standards of clients, partners, and regulators across jurisdictions.”
