Agreements reached under this partnership
Business alliance- 1
NEC: Responsible for developing administrator-facing business applications optimized for the workflows of financial institutions, highly convenient client applications, and the infrastructure for the custody system.
- 2
NEC: The parties will also consider seamless and secure integration with the systems of individual financial institutions.
- 3
Crypto Garage: Responsible for developing and providing advanced private key management technologies, including wallets and signing, as well as a backend compliant with AML/CFT requirements.
- 4
The parties aim to provide the system to financial institutions, institutional investors and corporations.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
| Item | Details |
|---|---|
| Name of alliance partner | NEC Corporation, Crypto Garage |
| Alliance partner's business activities | A global technology company with strengths in technologies including AI, cybersecurity and communications. It operates IT services and social infrastructure businesses., Research, development and commercialization of financial services using blockchain. It operates a blockchain-based financial services business in the fintech sector. |
| Alliance partner's location | Minato-ku, Tokyo, Shibuya, Tokyo |
| Type of alliance | Business alliance |
| Details of the alliance | NEC: Responsible for developing administrator-facing business applications optimized for the workflows of financial institutions, highly convenient client applications, and the infrastructure for the custody system., NEC: The parties will also consider seamless and secure integration with the systems of individual financial institutions., Crypto Garage: Responsible for developing and providing advanced private key management technologies, including wallets and signing, as well as a backend compliant with AML/CFT requirements., The parties aim to provide the system to financial institutions, institutional investors and corporations. |
| Alliance start date | 5 June 2026 (the date the collaboration was announced; development is scheduled to begin by the end of 2026) |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.A highly reliable, highly secure, Japan-developed custody system is needed that can address domestic laws and regulations, business practices in Japan, Japanese-language support and supply chain risks, in anticipation of amendments to the Financial Instruments and Exchange Act and the expanding use of crypto assets and stablecoins.