News

Nomura Set To Launch Cryptocurrency Services For Institutions.

Nomura Holdings, Inc., one of the world’s largest investment banks, today announced the establishment of a new digital asset firm that will provide institutional clients with a full range of trading, investor products, and investment services.

Nomura Set To Launch Cryptocurrency Services For Institutions.

The new digital asset company, which is expected to begin later this year, will offer products and services related to cryptocurrencies, stablecoins, decentralized financing (DeFi), non-fungible tokens (NFTs), and other tokens to institutional clients and investors.

Steve Ashley, the new company’s Chair and Head of Wholesale Division, said in a press statement:

“This is a major step forward as we look to scale-up our digital asset-related businesses and investments. The new company will enable us to build an edge in providing institutional clients with access to a wide range of new products and services and contribute meaningfully towards responsible innovation in the digital asset ecosystem.”

The new firm will be a wholly-owned segregated entity of NHI, with dedicated resources and money to expedite time-to-market and assure the pace of innovation required in the digital asset ecosystem. In addition to external hires, Nomura specialists will be incorporated into the new organization.

Nomura Set To Launch Cryptocurrency Services For Institutions.

Jez Mohideen, the unit’s newly appointed CEO said:

“Establishing this new company is a critical foundation for us and key to building an end-to-end digital asset offering. The company will have top talent and business agility along with access to Nomura’s global network to build a top tier institutional digital asset franchise.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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