Crypto asset services provider Komainu is reportedly collaborating with the UK government, in a bid to provide safekeeping for crypto confiscated throughout numerous criminal cases. 

Specifically, Komainu is reportedly a joint custody-focused business of major investment bank Nomura from Japan, digital asset manager CoinShares, and hardware wallet manufacturer Ledger.

The company reportedly revealed its success in establishing an agreement, dedicated to “securely store digital assets seized during the investigatory process”, for the law enforcement located in England, Wales, Northern Ireland, and Scotland, after a commercial tender with the Derbyshire Constabulary in the East Midlands region occurred. 

Komainu reportedly receives the backing of Coinshares, together with Gentium – a consultancy startup for UK-based police forces, concentrating on financial crime and cyber crime.

“Specialist Cyber Crime Units at local, regional and national level are seizing cryptocurrencies as part of their investigations on a regular basis and desperately needed access to a secure storage solution from a regulated provider,” Assistant Commissioner of the City of London Police Angela McLaren reportedly provided her explanation. 

“[Komainu] will provide teams with the proper technology and security they need to store cryptocurrencies and other digital assets as part of their investigations.“

McLaren additionally claimed that the agreement forged reportedly further showed the progress in “denying criminality the proceeds of crime”, as well as would partly alleviate the financial burden on the government, regarding their search for a safekeeping tool for the fund.