Nomura to revamp digital asset division as part of strategic push toward crypto

Rick Steves

Nomura acknowledges that digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class and a new range of services is emerging as distributed ledger technology is applied to traditional finance. 

Nomura to close derivatives business

Nomura Holdings, Inc. is about to revamp its Future Innovation Company into a newly established Digital Company, effective April 1, 2022, the firm announced. Future Innovation Company was established in April 2019 and focused on planning and developing digital services.

The reorganization aims to strengthen collaboration in the digital domain across Nomura subsidiaries, including its international operations, and foster initiatives in the name of its new strategic mission, which includes further business development and global collaboration.

Digital assets are critical part of Nomura’s strategic drive

Kentaro Okuda, President and Group CEO at Nomura, said: “This is an important next step in our digital evolution. Digital technology is a critical part of our strategic drive to expand our operations in private markets. The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.”

Nomura acknowledges that digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class and a new range of services is emerging as distributed ledger technology is applied to traditional finance.

Nomura will tap into this and expand its private markets businesses, broaden its services and leverage advanced digital technologies to provide clients with new investment opportunities and added value, the firm stated.

Finance Feeds has previously covered Nomura’s partnership with Refenitiv for its wealth management business. The Refinitiv Workspace for Wealth Advisors helps drive timely market insights and analytics for its relationship managers and investment advisors across Singapore and Hong Kong.

Refinitiv’s wealth management business addresses the increased needs of wealth advisory clients: 43% agree they are more likely to need investment advice now than a year ago, according to a recent report.

Last year, Nomura launched an eFX pricing and trading engine in Singapore, with support from the Monetary Authority of Singapore (MAS). Nomura’s fourth e-FX pricing engine follows others in Tokyo, London, and New York, and addresses the needs of the investment bank’s Asian client base as the group continues its focus on non-deliverable forwards and G10 FX in the region.

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