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Nomura (NMR) Launches Institutional-Grade Custody Platform

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Zacks Equity Research
·3-min read
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Nomura Holdings NMR launched a digital assets custodian — Komainu — in partnership with the digital asset security company, Ledger, and pioneer digital asset investment house, CoinShares.

Komainu is the first hybrid custodian for institutional investors. It provides a single application-based solution to institutions, allowing multi-asset support benefits, regulatory compliance and insurance.

Further, Komainu will be regulated by the Jersey Financial Services Commission as a custodian and depositary. In November 2019, Japan’s biggest brokerage firm Nomura's joint venture platform received regulatory approval from the Commission.

Notably, the custodian is designed to support clients and tokens that satisfy anti-money laundering and provenance requirements. Also, Komainu draws on expertise from banking, fund management and cyber-security, thereby, providing an optimized solution, allowing multi-asset support benefits, regulatory compliance and insurance.

Komainu will be led by Jean-Marie Mognetti, Co-Founder and CEO of CoinShares. He said, “The growth and maturity of the digital asset industry highlights the true potential for decentralised finance….. Komainu bridges the gap by bringing financial expertise and capabilities for institutional clients to feel confident their assets are in safe hands.”

Jezri Mohideen, global chief digital officer at Nomura, said, “Komainu will act as a foundational pillar to Nomura’s digital asset strategy, enabling the firm to further progress with its initiatives across the full digital asset value chain, thereby setting out to become one of the leaders in the institutional digital asset industry.”

Nomura under its new CEO Kentaro Okuda remains well-poised for growth. In May, Okuda revealed plans to focus more on the private markets rather than its traditional business with public markets. In its retail business, Nomura aims to drive revenues by boosting advisory functions by offering institutional investor services to customers.

Shares of the company have lost 14.9% on the NYSE over the past six months compared with a 9.7% decline recorded by the industry.

 

 

It currently carries a Zacks Rank #3 (Hold).

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Bank of Hawaii Corporation’s BOH 2020 earnings estimates have been revised 17.6% upward over the past 60 days. This Zacks Rank #2 (Buy) company’s shares have lost 29.3% over the past six months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings estimates for First Republic Bank FRC have moved 2% north over the past 60 days for the ongoing year. The company’s shares have declined 4.7% over the past six months. It carries a Zacks Rank of 2 at present.

Earnings estimates for GAIN Capital Holdings GCAP have moved significantly north over the past 60 days for the ongoing year. The company’s shares have rallied 45.8% over the past six months. It carries a Zacks Rank of 2 at present.

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From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.

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