by Rushali 
Komainu, a digital asset custodian is working towards storing crypto confiscated as part of criminal investigations. They are working with authorities in the United Kingdom.
Komainu is a custody venture from Japan-based global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger.
The company has announced that they have made arrangements to, “securely store digital assets seized during the investigatory process” for police forces in England, Wales, Northern Ireland, and Scotland following a commercial tender with the Derbyshire Constabulary in the East Midlands region.
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The firm has the support of Coinshares and a consultancy service called Gentinum for law enforcement in the U.K. specializing in financial crime and cybercrime.
Assistant Commissioner of the City of London Police Angela McLaren has said,”Specialist Cyber Crime Units at a 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.”
“Komainu will provide teams with the proper technology and security they need to store cryptocurrencies and other digital assets as part of their investigations.“ The commissioner has also said this agreement between the digital asset company and the law enforcement had made progress in “denying criminality the proceeds of crime” and it will also reduce the burden on the officials to store the funds.
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There has been an increase in these kinds of cases around the world, In December, Chinese police seized crypto assets worth $4.2 billion from seven people convicted in the PlusToken Ponzi scheme case. In the United States, the Justice Department seized 69,370 Bitcoin from an unnamed individual allegedly connected to the hack of darknet marketplace Silk Road and is reportedly planning to auction the coins.
By this technology and agreement, this will be a great step towards the future.
