Nomura Holdings, Inc (TYO:8604) today announced that it has agreed to a third party allocation of shares from Crypto Garage, Inc, a subsidiary of Digital Garage, Inc, a provider of blockchain financial services.
Crypto Garage offers services to crypto asset businesses in Japan and overseas, including its blockchain related settlement platform, SETTLENET. In June 2021, in accordance with Japan’s Payment Service Act, Crypto Garage registered with the Kanto Finance Bureau as a crypto asset exchange, allowing it to act as an intermediary for transactions between domestic crypto asset exchanges and cover companies.
As part of its investment, Nomura will work closely with the company to support the development of the Crypto Garage platform for institutional investors. In addition, Crypto Garage, Nomura and Nomura’s joint venture Komainu have signed an MOU to jointly explore providing digital asset custody services to institutional customers in the Japanese market, by leveraging Komainu’s digital asset custody infrastructure.
Nomura is committed to helping create a truly enriched society. Through joint ventures BOOSTRY, which offers trading platforms using blockchain technology, and Komainu, a digital asset custody business, Nomura aims to build products and services across the digital asset value chain and deliver new added value that extends beyond the traditional boundaries of finance.