The audit, tax and advisory giant KPMG has launched a service designed to connect the systems used by banks and fintech firms with those relied on by cryptocurrency and digital asset platforms.
The new venture will offer custody for a variety of cryptocurrencies, including Bitcoin. In time, Nomura hopes crypto custodian Komainu will be able to tokenize and issue traditional assets such as stocks and bonds on a blockchain.
Financial authorities across Southeast Asia are embracing blockchain technology and digital currencies as a way of helping the poor get better access to banking services that can help lift them out of poverty, as well as speeding and improving interbank payments and cross-border settlements.
