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9.55%01:03:43:05
Japan’s Nomura Said to Launch Crypto Unit With DeFi and NFTs on Menu: Report
The Japanese investment bank carried out its first cryptocurrency derivatives trades last week.
Japanese investment bank Nomura is launching a subsidiary to give institutions access to digital assets, according to a report in the Financial Times.
The new unit will have a staff of 100 by the end of 2023, according to the report, and will offer exposure to cryptocurrency, decentralized finance (DeFi) and non-fungible tokens (NFTs).
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The bank declined CoinDesk's request for a comment.
Nomura began trading bitcoin futures and options last week on the CME with Cumberland DRW, joining rivals such as Goldman Sachs (GS) and JPMorgan (JPM) in giving their clients access to crypto markets.
Nomura was one of the first banks to explore custody of crypto assets, joining the Komainu custody joint venture alongside fund manager CoinShares and custody specialist Ledger, in June 2020.
The Nomura Research Institute, an economic consulting arm of the bank, launched a crypto-asset index tracking the Japanese cryptocurrency market in 2020.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
