Komainu to Explore Japanese Institutional Crypto Custody Solutions

Komainu, a digital asset custody services provider, announced on Wednesday that it has entered into a Memorandum of Understanding (MOU) with Crypto Garage and Nomura, an investment bank giant, to explore providing crypto custody services to institutional customers in the Japanese market.

According to the press release shared with Finance Magnates, the custody services provider aims to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its in-house custody infrastructure with the Japanese institutions. Crypto Garage is a regulated Japanese crypto assets service provider that operates SETTLENET, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-related settlement platform.

“We are excited to enter into this agreement with Crypto Garage to explore bringing our institutional-grade custody services to an underserved market in Japan. The evolution of digital assets is changing the financial ecosystem, and Komainu is building out custody solution as well as additional services to provide institutions with the support they need throughout the entire custody process. We are thankful for the continued support of Nomura and look forward to working with Crypto Garage to further expand Komainu’s global presence, bringing trust and transparency to the servicing of this asset class,” Henson Orser, President and Acting CEO of Komainu, commented on the announcement.

Licensed by the Jersey Financial Services Commission, in April 2021, Komainu secured the ISO 27001 and ISAE 3402 Type 1 certifications.

Recent Hirings

Last month, Suzanne Hubble, an executive veteran with close to two decades of experience in the Finance industry, was named by Komainu as its new Chief Operating Officer and Chief Financial Officer.

Hubble brings almost two decades of experience in Banking and Finance, with specific knowledge of eCommerce and clearing. Komainu selected her for the role as she is a seasoned business strategist with unique institutional banking experience. Prior to Komainu’s announcement, Hubble had been serving HSBC as a Program Director for the last two years. She was instrumental in the delivery of the Bounce Back Loan Program and Commercial Banking.