United States smart contract security company Quantstamp has announced its expansion to Japan following an investment from local financial giant Nomura Holdings.
The news was revealed in a press release from Quantstamp published on March 6.According to the announcement, the U.S. firm has received a "Significant investment" from Nomura, which provides investment, financing and related services to individual, institutional and government customers.
Information that the corporate funding round was led by Nomura also appeared on Crunchbase on March 6.
As of press time, Nomura has not responded to Cointelegraph's request for comment on the move.
As the press release outlines, the U.S. company is set to establish a limited liability company, Quantstamp Japan GK, to assist Japanese startups.
The firm aims to provide tools that help identify and secure vulnerabilities in smart contracts automatically and prevent security breaches.
Quantstamp's co-founder and CEO, Richard Ma, believes that the market for smart contract-driven applications in Japan will keep growing in the following years.
As cited by Quantstamp, Chuzaburo Yagi, senior managing director in charge of innovations at Nomura Holdings, said that smart contracts will play an increasingly important role in the financial world, as blockchain technology gains more adoption.
Earlier in 2019, Nomura Holdings signed a memorandum of understanding with major Japanese messaging app Line and Lvc Corporation, which oversees the messenger's digital asset and blockchain business units.
The three partners are considering establishing a financial alliance focused on blockchain.
Smart Contract Firm Quantstamp Reveals Investment From Financial Giant Nomura
gepubliceerd op Mar 8, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.