Global investment bank Nomura, security business Ledger, and investment house Global Advisors (parent company of CoinShares) have established a partnership to build a new digital asset custody solution called Komainu.
The new venture, announced yesterday at consensus2018, hopes to allow firms to overcome barriers to institutional investment in digital assets with new services, standards and best practice.
“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.” -Jez Mohideen, Nomura executive
“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. 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.” -Pascal Gauthier, Ledgerwallet president
“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 withinthe digital asset ecosystem.” -Jean-Marie Mognetti, GlobalAdvisors executive