Quantstamp, a smart contract security firm, has announced its expansion to Japan and established a limited liability company, Quantstamp Japan GK, to support Japanese startups and enterprises in using secure Blockchain technology. The firm has received a significant investment from local financial giant Nomura Holdings that provides investment, financing, and related services to individual, institutional and government clients.
As part of the announcement, Venture Company Digital Garage, which invests in successful internet startups worldwide, reportedly also contributed to the round. The United States-based company is set to establish a limited liability company, Quantstamp Japan GK, which is designed to help Japanese startups, as well as offer tools that help find out and security vulnerabilities in smart contracts automatically and thwart security breaches. Quantstamp Co-founder and CEO Richard Ma stated that his company believes the market for smart contract-driven applications in Japan will keep rising in the following years. On this take, Senior Managing Director in charge of innovations at Nomura Holdings, Chuzaburo Yagi also pointed out that smart contracts will play an increasingly important role in the financial space, as Blockchain technology gains more adoption. Security assurances through auditing and certification will become progressively crucial.
Nomura Holdings, earlier this year, signed a memorandum of understanding (MoU) with leading Japanese messaging app Line and Lvc Corporation that oversees the messenger’s digital asset and Blockchain business divisions. The three partners are deeming to establish a financial alliance based on Blockchain-driven platform.