huge investments to flood the crypto market?

Major financial institutions continuously invest in the crypto market, and while Bitcoin has almost overcome its largest technical issues such as scalability (you might have read about it in one of the earlier news on NT), custodianship remains the final barrier for investors to start pouring really big money into the crypto market.

With $130 trillion of assets managed by institutional investors worldwide, even the smallest bit of that lump sum would mean a lot for the industry, with its market cap still under $300 billion.

Jurisdictions where an investment fund is prohibited to custody its own assets if it manages more than $150 million, forces the trusted third parties - banks - to get involved in the process, for they hold their assets in legal safekeeping.

Nomura, Ledger, and Global Advisors have jointly created the so-called Consortium Komainu, with a goal to solve the custody-related issues in the sphere.

The custody services are being explored by Bank of New York Mellon Corporation, JPMorgan Chase, and Northern Trust Corporation.

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