Nomura and Komainu launch digital custody service in Japan

Crypto exchangeKomainu, a digital custodian focused on the institutional market, has entered the Japanese investment market after teaming up with local crypto assets vendor called Crypto Garage. The two firms have signed a memorandum of understanding to explore the development of a joint venture offering Japanese investors a digital custody service. Komainu is partly owned by Japanese investment bank Nomura, along with digital asset manager CoinShares and crypto security firm Ledger. According to Komainu’s president and acting CEO Henson Orser, the Japanese market is currently underserved in terms of service providers for the digital assets market. “The evolution of digital assets is changing the financial ecosystem and Komainu is building out custody solutions as well as additional services to provide institutions with the support they need throughout the entire custody process,” he added. Komainu is registered in Jersey and in April this year raised $25 million in a Series A funding round led by British billionaire Alan Howard. Komainu also recently appointed ex-Nomura man Sebastian Widmann as head of strategy. Crypto Garage is a Japan-based digital assets platform that offers trading and settlement for crypto assets. In June 2021, the company registered with the Kanto Finance Bureau as a crypto asset exchnage, which allows it to act as intermediary in transactions between local crypto trading firms and cover companies. ©2021 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.