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.
Decentralized and secure institutional-grade custody services are key in making #crypto a viable #investment option. We partnered with @Ledger and @Nomura to launch, Komainu, a novel single application-based solution for institutional investors.https://t.co/RfhWCYXb0s — CoinShares 👩🚀 (@CoinSharesCo) June 17, 2020
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.”
Mognetti adds:
“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