Japanese financial services group Nomura has established a new venture called Komainu to address the hindrances to institutional investment in digital assets.
Developed in collaboration with security business Ledger and investment house Global Advisors, Komainu aims to secure and facilitate institutional investment in digital assets.
It will also deliver an operational framework to the investment management industry assisting the investors to comply with the best practice standards in this business segment.
The company stated that this segment is significantly affected due to the absence of safekeeping solutions as well as lack of security, regulatory and compliance criteria.
It will address these challenges faced by the investors who intend to enter the sector.
Nomura also stated that one in five finance firms are mulling to introduce digital asset trading and investment businesses soon.
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By GlobalDataNomura global chief digital officer Wholesale Jez Mohideen said: “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.”
Global Advisors Holdings co-principal Jean-Marie Mognetti said: ““Since its first digital asset trade in 2012, Global Advisors, 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.
“After 6 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.”