Cryptocurrency custody company Komainu has announced that it has launched a yield-generating service for its clients.
The platform, called Komainu Yield, allows the company’s clients to earn returns on crypto assets held by Komainu in their name. The company will stake crypto in custody to reap the rewards offered in various Proof of Stake protocols while keeping assets in secure storage.
CoinShares, one of Komainu’s supporters, will be the first customer to use the platform. The cryptocurrency asset manager is currently securing a pair of crypto-exchange-traded products (ETPs) with Komainu.
As part of the announcement, Komainu President Henson Orser stated that the decision to launch the yield product is to help the company improve its market position around the axis towards Proof of Stake. Orser added that Komainu Yield offers a “safe and transparent” way for customers to earn returns on their stored crypto assets.
While staking is the first route discovered by Komainu, the company says it plans to incorporate other return-generating strategies into the platform.
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