Nomura is working with security firm Ledger and Global Advisors to create what it said will be a secure digital asset custody platform, the investment bank announced during the Consensus 2018 blockchain conference.

“Global investment managers have long been held back from full participation in digital asset markets, limited by operational and regulatory risk,” Nomura Global Digital Officer Jez Mohideen said. “Our new partnership will set the required standards that will bring peace of mind to digital asset investors, and provide tools and products to enable better integration with more traditional investment vehicles such as mutual funds.”

Fundstrat founder Thomas Lee was impressed. He tweeted that the secure custody platform would address a major issue for institutional investors. Read more here.