Nomura – the International investment bank has reportedly released the institutional-grade custody platform Komainu, with the assistance from CoinShares and Ledger. 

Specifically, Nomura reportedly claimed Komainu to be the first hybrid institutional-grade custody platform, which allows for seamless integration with legacy financial tech. 

CoinShares has reportedly run an examination on current custody products prior to going forth with their plan to build their own tool to satisfy their security & business requirements 2 years ago. 

The platform, led by the head of Jean-Marie Mognetti, reportedly targeted institutional players and will stay under the regulation of the Jersey Financial Services Commission.

“We have been trialing the platform with a limited number of clients for four to five months and are now launching to new clients.” Mognetti reportedly revealed the platform has been rolled out to a group of particularly chosen clients since the beginning of 2020. 

“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.” Head of Ledger, Pascal Gauthier, reportedly remarked.