Japanese wealth manager Nomura to explore crypto and NFTs with new unit

In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class.

The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin operations in April. The main objective of the new company will be to increase clients’ use of digital assets and provide related services. Nomura Group President and CEO said, Kentaro Okuda said:

“The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.”

The wealth manager, which has about $641 billion in assets under management, stated that it aims to increase digital adoption across all of its operations. The new division will reportedly explore opportunities in cryptocurrencies and NFTs, among other digital assets.

                                                                       Source: stevepb, Pixabay

NFTs are becoming increasingly popular in Japan, despite having some of the most stringent crypto rules. The Japanese financial services conglomerate Nomura Holdings is the latest major player to look at NFTs in the country. Last week, major Japanese e-commerce firm Rakuten announced the launch of its own NFT trading platform dubbed Rakuten NFT.

Related: Japan-based messaging app will offer trial run of native token starting in March

Last month, Japan’s largest financial conglomerate Mitsubishi UFJ Financial Group (MUFG), announced it would terminate its three-year-old blockchain payment project to focus on stablecoins.

All Dutch and English crypto news!

Bitcoin en crypto krijgen het zwaar tot eind 2023, maar daarna volgt grote opleving

De koersen van bitcoin en vrijwel alle andere cryptocurrency's verkeren al een tijdje in zwaar weer. Volgens Bobby Ong wordt het er de komende 12...

Duur grapje: 10.000 bitcoin voor 2 pizza’s

Wist je dat iemand ooit 10.000 bitcoins heeft betaald voor twee pizza's? Op het moment van de transactie leek het een leuk idee: de waarde...

Crypto gaming and the monkey run: How we should build the future of GameFi

You've seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the...

How to incorporate a DAO and issue tokens to be ready to raise money from VCs

What is a DAO? A DAO, or decentralized autonomous organization, is an online-based organization that exists and operates with no single leader or governing body. DAOs...

Beste exchanges

Koop je crypto bij Bitvavo