Nomura, Ledger and Global Advisors Holdings have partnered in an initiative to build a digital asset custody solution, Komainu.
Komainu is being established to provide secure and compliant institutional investment, as well as infrastructure and an operational framework to the wider investment management industry.
The initiative will enable investors to embed or implement a consistent set of best practice standards within their businesses.
The custody offering will address the shortage of robust safekeeping solutions and increase security while improving regulatory and compliance criteria for investors.
Jez Mohideen, global chief digital officer of wholesale at Nomura, said: “Global investment managers have long been held back from full participation in digital asset markets, limited by operational and regulatory risk.”
He added: “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, said: “By bringing together financial industry experts and digital asset security leaders, our new venture will provide, for the first time, services and solutions built for business.”
Jean-Marie Mognetti, co-principal of Global Advisors Holdings, commented: “Since its first digital asset trade in 2012, Global Advisors Holdings, the parent company of CoinShares, has been looking for a robust custody solution, the likes of which are readily available in the analogue financial system.”
He added: “After six years of research—and collaboration with our administration partner and its regulator—we now have demonstrable progress. 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 participants and contribute to move digital asset closer to mainstream offerings.”
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