October 20, 2021 - Crypto Garage, Inc. a Fintech company developing blockchain financial services that is a subsidiary of Digital Garage (DG), Inc. has secured an investment from Nomura Holdings, Inc. and DG through a third-party share issuance in October 2021. DG will continue to operate Crypto Garage as a DG subsidiary.
Crypto Garage has provided blockchain settlement services and related products, such as “SETTLENET,” to Japanese and global crypto asset business operators. In June 2021, Crypto Garage completed the registration as a crypto asset exchange service provider under the Payment Services Act at the Kanto Local Finance Bureau, and is allowed to provide brokerage services between Japanese crypto asset exchanges and liquidity providers.
With the capital and business support of Nomura HD, a global financial services group, Crypto Garage will develop and implement a crypto asset business platform. In addition to the third-party share issuances, Crypto Garage has agreed with Nomura HD and Komainu, a Nomura backed company based in Jersey, to explore working together on the development of an institutional based digital asset custody business in Japan.
As many major financial institutions are offering crypto asset services—mainly those outside of Japan—Crypto Garage will combine its blockchain technologies with Nomura HD’s financial services expertise and reputation and offer a platform that meets Japanese institutional investors requirements to conduct crypto asset transactions.
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