Nomura Holdings, a leading financial company in Japan, has launched a bitcoin custodial service for traditional investors through a partnership with Ledger, a hardware wallet provider, and CoinShares, an investment company.
According to the announcement, the 3 companies have been working together to develop the digital asset custodian since 2018. The custodian service which is dubbed “Komainu” was officially launched this week. Komainu will provide its services to institutional clients like banks who want to enter into the crypto market.
The Jersey Financial Services Commission regulates Komainu as a custodian and depository. The former also provides custody for a number of digital assets on an institutionally complaint platform powered by a Ledger bespoke environment.
Through the partnership, Komainu will make use of expertise from the banking sector, fund management and cyber-security. It provides an optimised application-based solution which allows multi-asset support benefits, insurance and regulatory compliance. As a result, digital asset owners are given peace of mind with in-built security protocols.
The hybrid custody solution is able to incorporate with legacy financial systems and works to seamlessly overlay services to complement native processes. Komainu only supports tokens and customers that satisfy provenance and Anti-Money Laundering requirements.
A team of experts from the leadership of Nomura, Ledger and CoinShares will lead Komainu. Jean-Marie Mognetti, Co-founder and CEO of CoinShares, will be Komainu’s CEO whiles Kenton Farmer will be the Head of Operations. Andrew Morfill will be the Chief Information Security Officer of Komainu whereas Susan Patterson will serve as the Head of Regulatory Affairs.
According to Mognetti, the growth and maturity of the digital asset industry highlights the true potential for decentralized finance. Mognetti added that Komainu will bring together financial expertise and capabilities for institutional clients to feel confident that their assets are in safe hands.