Nomura announced the creation of a venture fund to store crypto assets

According to Cointelegraph Japan, Japanese global investment bank Nomura has announced the creation of a venture fund to store crypto assets. This project aims to increase the popularity of the cryptocurrency market among large institutional investors.

According to reports, Nomura will cooperate with Ledger and investment house Global Advisors. The partners argue that the lack of reliable and regulated “safe custody” solutions is hurting the desire of traditional asset managers to deal with cryptocurrencies. 

The new service for storing crypto assets is called “Komainu”. According to the developers' plan, it will provide the infrastructure and operational basis for pension and insurance funds. 

Just yesterday, the largest crypto wallet and the largest crypto exchange in the United States Coinbase announced the launch of its own service for storing crypto assets. Coinbase Vice President Adam White said the product “could unlock $10 billion in institutional investments sitting outside of trading.” 

Earlier this month, New York Stock Exchange owner ICE unveiled its own plans to launch swap contracts that would be settled in BTC. It was also noted that the company has found a storage solution that can be used by institutional investors. 

It is widely believed that the lack of storage capacity and the lack of proper regulations are the main obstacles to the crypto market to “maturity” and attracting large officially established investments. CNBC analyst Robert Kelly recently said that cryptocurrencies are “starting to look like a new asset class.” 

Secure storage could help cryptocurrencies gain a foothold in the traditional financial sector. 

According to https://cointelegraph.com