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.

Read this next

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

<