Nomura receives regulatory approval for crypto custody in Jersey
29 November 2019 St Helier
Image: Shutterstock
Nomura has been awarded a license in Jersey for its Komainu crypto custody offering, the joint venture between Nomura, security specialist Ledger and investment house Global Advisors.
Komainu has been established to provide secure and compliant institutional investment, as well as infrastructure and an operational framework to the wider investment management industry.
The partnership between Nomura, Legder and Global Advisors, which was announced in May last year, draws together the expertise from banking, asset administration, fund management, trading and digital asset security.
The custody offering will address the shortage of robust safekeeping solutions and increase security while improving regulatory and compliance criteria for investors.
Industry participant Simon Taylor, who works as head of venture at 11:FS, and ex-head of blockchain at Barclays, commented on the regulatory approval of Komainu: "This is part of a bigger trend, where institutional custody players are getting their head around the digital assets space.”
Taylor said: “Moves like this would help deliver on the promise of true delivery versus payment, but the remaining question is, like Bakkt or CME, you can build the platform but will those platforms bring liquidity and institutional volume? Time will tell. Still, this is a real step up from where we were three years ago, as digital assets technology is co-opted by institutions to transform capital markets."
Komainu has been established to provide secure and compliant institutional investment, as well as infrastructure and an operational framework to the wider investment management industry.
The partnership between Nomura, Legder and Global Advisors, which was announced in May last year, draws together the expertise from banking, asset administration, fund management, trading and digital asset security.
The custody offering will address the shortage of robust safekeeping solutions and increase security while improving regulatory and compliance criteria for investors.
Industry participant Simon Taylor, who works as head of venture at 11:FS, and ex-head of blockchain at Barclays, commented on the regulatory approval of Komainu: "This is part of a bigger trend, where institutional custody players are getting their head around the digital assets space.”
Taylor said: “Moves like this would help deliver on the promise of true delivery versus payment, but the remaining question is, like Bakkt or CME, you can build the platform but will those platforms bring liquidity and institutional volume? Time will tell. Still, this is a real step up from where we were three years ago, as digital assets technology is co-opted by institutions to transform capital markets."
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