On May 17, the Japanese-based biggest investment bank Nomura announced that it would introduce a new extension concentrating on NFTs, DeFi, and crypto.
As stated in the official report, an additional firm piloted by The Global Chief Digital Editor Jez Mohiden is expected to launch later this year to aid institutional investors in trading non-fungible tokens and cryptocurrency. Even though Nomura will regroup some of its employees to the new unit, the company still seeks to find new gifted people in the blockchain environment and Web3.
On top of that, by next year, the financial institution will conjoin different cryptocurrency services into one firm, as explained in a report.
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Moreover, it seems as though one of Namura’s primary priorities is to participate in the exponentially growing digital asset business. The executive of the bank stated that this is crucial if the company seeks to maintain competitiveness in the market. He added:
“Any asset class at the moment that has discounted cash flow is all under huge stress in an inflationary environment. But I think…many managers will be looking and thinking about potentially allocating towards blockchain technology and blockchain opportunities.”
The bank also anticipates that the cryptocurrency market will develop with time and become more appealing to institutional clients.
Nomura Holdings is a banking institution that works in more than 30 countries and provides various services related to financing, investment, institutional, and government customers on a global basis. According to the first-quarter report in 2022, Nomura has over $500B in assets as it is in the list of the top 10 biggest financial institutions located in Japan.