Komainu and Crypto Garage partner for superior institutional crypto service offering in Japan

“Japan is a key jurisdiction for digital assets and continues to be an important part of our plans to be the most coveted institutional-grade custodian globally. We are pleased to take our relationship with Crypto Garage to the next level as we continue to cement our footprint in Japan.”

Komainu, a regulated digital asset custody service provider, and Crypto Garage, a Japanese digital asset services provider, unveiled a strategic partnership aimed at constructing a superior institutional crypto service offering in Japan.

This collaboration stems from Digital Garage’s investment in Komainu, which is geared towards bolstering Komainu’s market presence in Japan. The investment also sees Digital Garage joining hands with other Japanese shareholders of Komainu, namely Laser Digital and Nomura Research Institute.

Crypto Garage offers custody, OTC trading, and settlement services in Japan and overseas

The burgeoning interest from Japanese institutions in digital assets has propelled Komainu and Crypto Garage to develop cutting-edge digital asset custody solutions tailored to meet institutional needs, with a strong emphasis on security and compliance. This alliance melds the diverse expertise of both entities, setting the stage for a robust and reliable digital asset management platform throughout the assets’ lifecycle.

Nicolas Bertrand, the CEO of Komainu, expressed optimism regarding the collaboration and the Japanese market, stating, “Japan is a key jurisdiction for digital assets and continues to be an important part of our plans to be the most coveted institutional-grade custodian globally. We are pleased to take our relationship with Crypto Garage to the next level as we continue to cement our footprint in Japan.”

Equally optimistic, Masahito Okuma, CEO at Crypto Garage, highlighted the shared vision between the two firms: “Komainu and Crypto Garage share a common vision of providing crypto services that meet the highest standards of security, compliance, and user experience. By combining forces, we will leverage our collective expertise to deliver solutions that satisfy the unique needs of Japanese institutions.”

This partnership is a notable leap forward in advancing the institutional crypto landscape within Japan. With the backing of established finance entities like Nomura Holdings Inc. and Digital Garage Inc., this venture is poised to boost confidence among Japanese institutions by exhibiting a solid commitment from the traditional finance sector. This alignment not only reflects the evolving dynamics of institutional crypto services in Japan but also the broader acceptance and integration of digital asset management solutions in traditional finance frameworks, signaling a matured understanding and approach towards digital asset custody and management.

Komainu, conceived as a joint venture between Nomura, CoinShares, and Ledger, operates under regulatory compliance, offering a blend of traditional financial services with top-notch security standards for next-gen institutional custody. On the other hand, Crypto Garage extends its services to crypto asset businesses both in Japan and overseas, encompassing custody, over-the-counter (OTC) trading, and settlement services for digital assets.

Financefeeds.com