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Nomura launches digital assets arm

CrypocurrenciesJapan-based securities firm Nomura is set to establish a digital asserts business to cater for a growing institutional demand to trade cryptocurrencies.

The plan is an extension of its Future Innovation Company which was set up in 2019 to develop the firm’s digital transformation plans.

The new digital assets business will launch on April 1st.

“Digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class,” stated Nomura.

“The fusion of innovations stemming from distributed ledger technology with traditional finance is giving rise to a new range of services. By tapping into this, Nomura aims to expand its private markets businesses and broaden its services in focus areas including sustainability and decarbonisation.”

Nomura has previously launched a crypto custodian, Komainu, a Jersey-based joint venture established with two digital asset firms Ledger and CoinShares.

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