Although the crypto money industry has been hit hard recently, the interest of companies and institutions in the industry continues unabated. of japan biggest bank Nomura He gave a very good example of this.
Nomura Established Cryptocurrency Subsidiary
Nomura, Japan’s largest investment bank, has launched a new initiative to assist institutional investors. cryptocurrency launched its partnership. The subsidiary will enable institutional investors to invest in cryptocurrencies and NFTs.
According to the information quoted by the Financial Times, Nomura’s plan is focused on transferring 100 employees by 2023. Nomura, which will establish a single company and provide crypto money services there, plans to provide multiple crypto money services. As of the first quarter of 2022, the size of the bank, which has 568 billion dollars under its management, has been proven without any discussion.
According to the information provided by Nikkei Asia, the company will be established abroad and will be focused on Web3 and blockchain. First of all, it is stated that the company will be managed by Jez Mohideen, one of the executives of Nomura.
The move to expand crypto services came at an interesting time for Nomura. Just last Thursday, Bloomberg reported that the bank’s Asian customers Bitcoin (BTC) announced that it has started to offer the opportunity to buy and sell derivatives. Transactions are carried out on the platform of CME Group, which processed 6,944 Bitcoin futures contracts on May 16, and Nomura seems to have accelerated innovations when it comes to Bitcoin.