US-based smart contract auditing startup Quantstamp is setting up shop in Japan following a "significant" investment from Nomura and Digital Garage.
Quantstamp, a Y Combinator-backed startup, provides an automated tool for developers and users to check smart contracts for well-known vulnerabilities, as well as white-glove auditing services to help secure large-scale blockchain projects.
"Japan is an important market in digital payments,” says Richard Ma, co-founder, and chief executive officer of Quantstamp Inc. “We’re expanding our presence as we think that the market for smart contract-driven applications here is strong and will only be growing.”
Chuzaburo Yagi, senior managing director in charge of innovations at Nomura Holdings notes that as blockchain technology is adopted in the financial world, smart contracts will play an increasingly important role.
"Security assurances through auditing and certification will become increasingly indispensable,” he says. “I believe Quantstamp is well positioned to support this role as they work to secure smart contract technology.”