romeo a hFcQsXVTUvM unsplash 440x660 1 Crypto Subsidiary To Be Launched By Japans Largest Investment Bank

Crypto Subsidiary To Be Launched By Japans Largest Investment Bank

-Nomura has decided to launch a crypto subsidiary.
-The new unit by Nomura shall be operated outside of Japan with a team of 100 personnel by the end of next year.
-This move is primarily concerned with facilitating institutional clients could invest in cryptocurrencies and non-fungible tokens.
-Nomura plans to give institutions access to digital assets, the firm also intends to bring many crypto services under a single company by the end of next year.
-Current executives shall continue to remain in control, however, going by the supposed roadmap, there are chances of large-scale external hiring.
-Nomura Holdings had begun trading bitcoin derivative contracts last week, including options and futures owing to an increased institutional demand.
-After Nomura started trading digital asset derivatives last week, they have started competing with other investment banks, such as the likes of Goldman Sachs and JP Morgan.
-Nomura’s crypto economic consulting wing Nomura Research Institute had launched a crypto-asset index in the year of 2020.
-Even though the digital asset’s industry has been toiling under a great amount of pressure and volatility, Nomura has not treated that as a deterrent to keep moving ahead in the space.

 

 

romeo a hFcQsXVTUvM unsplash Crypto Subsidiary To Be Launched By Japans Largest Investment Bank
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