Globally, institutional investors are encouraged to explore the cryptocurrency market as Nomura, ledger and Global Advisors join forces to build a secure digital asset custody solution called Komainu.
Komainu is a project created to provide infrastructure and an operational framework to institutional investment in crypo-asset with new services and best practice standards. This project will meet the need of security, regulatory and compliance criteria within the sector.
Ledger is a security and infrastructure solution business, Nomura is a global investment bank, while Global Advisors is an investment house. The custody offering from these three major companies is targeted at addressing security and other challenges faced by investors in the cryptocurrency market. With the ten largest digital assets alone reaching a total combined market capitalization of $300bn+, institutional investors are actively exploring ways to gain exposure to a rapidly emerging asset class. According to Jez Mohideen, Global Chief Digital Officer at Nomura,
“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.”
Pascal Gauthier, President of Ledger, also said:
“Ledger is a well-established security solution provider with over 1 million Nano S hardware wallets sold. The vault (a secure hardware based key management solution for digital assets) is a natural expansion of our offering , tailored to address the challenges faced by the financial industry experts and digital asset security leaders, our new venture will provide, for time, services and solutions built for business.”
Lastly, Jean-Marie Mognetti, Co-Principal of Global Advisors Holding Limited explained:
“This partnership is a progressive stepping stone towards the creation of the necessary Prerequisites for further growth within the digital asset ecosystem. this will open new and exciting opportunities to global participations and contribute to digital asset closer to mainstream offerings.”