Today Nomura announced it invested in Crypto Garage, a subsidiary of Tokyo listed Digital Garage. In terms of business strategy, the investment will be used to develop a crypto-asset business and the two firms will work together on custody. Komainu, the Jersey digital asset custody firm co-founded by Nomura, is partnering with Crypto Garage to provide custody solutions in Japan.
“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,” said Henson Orser, Komainu‘s President and Acting CEO.
Crypto Garage provides crypto-asset services, including SETTLENET, a platform that enables delivery versus payment settlement for tokenized assets. The solution uses the Liquid Network sidechain of Bitcoin and recently partnered with Daiwa Securities, which issued a tokenized bond as a proof of concept.
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