Nasdaq Selects Komainu as Core Custodian for its Crypto Indices

Nasdaq has announced Komainu as a Core Custodian for its suite of Crypto Indices, underscoring the commitment of both organisations to upholding rigorous standards in the digital asset markets. This partnership highlights the exacting criteria Nasdaq employs when selecting custodians for its crypto offerings and demonstrates how Komainu's practices as a regulated digital asset custodian align with these high standards.

Nasdaq's Core Custodian requirements are designed to ensure the security and integrity of digital assets. Key criteria include:

·         Bankruptcy remoteness: Legal protection and segregation of client assets in the event of custodian insolvency

·         Regulatory compliance: Licensing by reputable regulatory bodies

·         Segregation: Advanced security practices for private key generation and segregated storage

·         Cold storage: Offline storage of private keys with multi-layered security measures

·         Risk management: Comprehensive frameworks for operational and custody risk mitigation

·         Asset recovery: Robust disaster recovery and operational continuity plans

·         Auditing: Regular third-party audits of operational and security processes

·         Insurance protection: Comprehensive coverage against various risks

As a bank-grade digital asset custodian, these principles form the foundation of Komainu's business and operations. The stringent requirements align perfectly with our core values, reflecting our commitment to institutional-grade security and operational excellence in the digital asset space.

“We are pleased to be selected as a Core Custodian by Nasdaq, a testament to our commitment to institutional-grade security and operational excellence. This partnership validates our approach to digital asset custody and aligns perfectly with our mission to become the preferred gateway to digital assets for institutional investors. At Komainu, we've built our foundation on the very principles Nasdaq demands, ensuring that institutional investors can engage with digital assets confidently and securely."

Read more here: https://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2024-28