(FT) Japan’s largest investment bank Nomura seeks to create a new company for investing in cryptocurrencies, non-fungible tokens, and decentralized finance.
Reports indicate that Nomura will combine a number of digital asset services under the subsidiary, which will be wholly owned. The subsidiary targets about 100 staff by the end of 2023.
The new subsidiary will be run by Nomura Executives, although external hiring is expected to enhance the competitiveness of the bank to other global giants eyeing similar offerings.
The reports come just a week after Nomura executed its first bitcoin futures and options trades on the Chicago-based futures exchange CME. The bank executives cited the growing interest in crypto by institutional clients for the move.
If executed, Nomura will join other banking giants Goldman Sachs, Bank of New York Mellon, and Citigroup in making active inroads into crypto.
BTCUSD is down -5.53%, ETHUSD is down -6.77%.
