Japan: Nomura Bank Announces Crypto Custody Solution For Institutional Investors

Japan-based global investment bank Nomura has announced a venture to establish a custody offering for digital assets, Cointelegraph Japan reports today, May 16. The new project aims at removing barriers to institutional investment in the crypto space.

Nomura’s joint venture will be conducted in partnership with digital asset security company Ledger and investment house Global Advisors, according to reports.

The partners allege that a shortage of robust and legally regulated “safekeeping solutions” is currently preventing traditional asset managers from building investment vehicles in the crypto ecosystem, emphasizing that overcoming custody and security obstacles is crucial given that “one in five finance firms are [allegedly] considering launching digital asset trading and investment businesses in the coming year.”

The new digital asset custody venture is dubbed “Komainu,” and will provide infrastructure and an operational framework for institutional investors to integrate their traditional investment vehicles into the “frontier” crypto industry…

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