Global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger have launched an institutional-grade custody platform Komainu.
Komainu is the first hybrid institutional-grade custody platform that can seamlessly integrate with legacy financial technology.
CoinShares first examined existing custody products before deciding to develop their own solution in order to meet their security & business requirements back in 2018.
The platform is aimed at institutional players and will be regulated by the Jersey Financial Services Commission.
CoinShares CEO, Jean-Marie Mognetti says that the platform had been running with select clients since the start of the year:
“We have been trialing the platform with a limited number of clients for four to five months and are now launching to new clients.”
Investment manager Fidelity and Intercontinental Exchange Inc also offers custody for digital assets.
Ledger CEO, Pascal Gauthier says:
“Institutions are looking for compliance and security when it comes to the custody of digital assets. [without the proper security] institutions’ digital assets are weaponised against them.”
“Komainu bridges the gap by bringing financial expertise and capabilities for institutional clients to feel confident their assets are in safe hands.”
Executives from Komainu include Kenton Farmer from Credit Suisse Group AG and Hermes Fund Managers Andrew Morgill from Banco Santander and Susan Patterson from Credit Suisse, Brevan Howard and UBS.
Source: Cointelegraph | Image: Unsplash
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.