Nomura’s joint venture will remove barriers for large-scale investments

New partnership of Japanese bank Nomura with Global Advisors - a crypto-investment management company, and Ledger - crypto-asset security provider, will supply the institutional investors with complete infrastructure and safekeeping solutions for building

Nomura Bank Custody Solution

Nomura Bank Custody Solution

The aim of new venture dubbed as Komainu is to develop crypto custody solutions and standards for cryptoassest investments. Bringing structure and security into the crypto investment process in form of asset administration and fund management services guaranteed by the bank will allow better combinations with traditional investment methods.

Nomura is a global investment bank that provides a variety of advisory and capital-raising solutions. Its global network includes over 30 countries. Founded in 1925, the bank now has four business divisions: Retail, Asset Management, Wholesale (Global Markets and Investment Banking), and Merchant Banking.

“Global investment managers have long been held back from full participation in digital asset markets, limited by operational and regulatory risk. Our new partnership will set the required standards that will bring peace of mind to digital asset investors, and provide tools and products to enable better integration with more traditional investment vehicles such as mutual funds,” commented Jez Mohideen, global chief digital officer of Nomura’s wholesale department.

On May 15 the cryptocurrency exchange and wallet provider Coinbase announced its crypto storage solution with enhanced security. Earlier in May, Intercontinental Exchange - the parent company of the New York Stock Exchange, announced its plans to enable customers buy and hold Bitcoin. Goldman Sachs earlier announced it will begin to use its money for trading Bitcoin futures. Custody solutions in the crypto-space are necessary prerequisites, they could speed up the adoption of digital assets in the conventional financial sector.