Komainu, a regulated digital asset custody service provider, and Crypto Garage, a Japanese digital asset services provider, today announced a collaboration to build a best-in-class institutional crypto service offering in Japan.

As part of the agreement, Digital Garage is investing in Komainu to further accelerate its presence and market share in Japan, joining other Japanese shareholders of Komainu including Laser Digital and Nomura Research Institute.

With growing interest from Japanese institutions, Komainu and Crypto Garage are developing advanced digital asset custody solutions to cater to their needs, including an uncompromised focus on security and compliance. This collaboration brings together the complementary skillsets needed to provide a secure and reliable platform for managing digital assets across their lifecycle.

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

This collaboration marks a significant step forward in the evolution of the institutional crypto landscape in Japan. With the backing of Nomura Holdings Inc. and Digital Garage Inc., the venture aims to instill confidence in Japanese institutions by showcasing the strong commitment from traditional finance.