Nomura to revamp digital assets division amid strategic push to crypto

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Nomura recognizes 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 are emerging as distributed ledger technology is applied to traditional finance.

Nomura to close its derivatives business

Nomura Holdings, Inc. is poised to transform its Future Innovation Company into a new digital company, effective April 1, 2022, the company announced. Future Innovation Company was established in April 2019 and focuses on the planning and development of digital services.

The reorganization aims to strengthen collaboration in the digital domain between Nomura’s subsidiaries, including its international operations, and to encourage initiatives on behalf of its new strategic mission, which includes business development and global collaboration.

Kentaro Okuda, President and Group CEO at Nomura, said, “This is an important next step in our digital evolution. Digital technology is an essential part of our strategic drive to expand our operations in private markets. The new digital enterprise will lead to closer collaboration between internal and external stakeholders, accelerate our adoption of digital technologies and improve our customer services. »

Nomura recognizes 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 are emerging as distributed ledger technology is applied to traditional finance.

Nomura will capitalize on this and expand its private markets business, expand its services and leverage advanced digital technologies to provide its clients with new investment opportunities and added value, the company said.

Finance Feeds previously covered Nomura’s partnership with Refenitiv for its wealth management business. The Refinitiv Workspace for Wealth Advisors helps generate timely market intelligence and analysis for its relationship managers and investment advisors in Singapore and Hong Kong.

Refinitiv’s Wealth Management Business Responds to Growing Needs of Wealth Advice 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 meets the needs of the investment banking Asian clientele as the group continues to focus on non-financial futures. available and G10 FX in the region.

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