Japanese wealth manager Nomura to analyze crypto and NFTs

March 3, 2022

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Nomura Holdings has declared that it is creating a new digital assets squad to look into apparent opportunities in the asset class. The wealth management firm said that it was reshaping its Future Innovation Company into a new Digital Company. The primary goal of the new firm will be to boost customers’ use of digital assets. Nomura Group President and CEO, Kentaro Okuda said that the new Digital firm will direct deeper collaboration among inner and outer stakeholders, speed up the uptake of digital technologies, and enhance customer services.

The wealth manager which has approximately $641 billion in assets under administration, asserted that it intends to boost digital adoption across all of its undertakings. The new division will examine chances in virtual currencies and NFTs, among other digital assets.NFTs are becoming popular in Japan, inspite of retaining some of the most severe crypto rules. The Japanese financial services empire Nomura Holdings is the main player look at NFTs in the nation. Last week, important Japanese e-commerce company Rakuten declared openly the launch of its own NFT trading program dubbed Rakuten NFT. In February, Japan’s biggest financial alliance Mitsubishi UFJ Financial Group declared it would discontinue its 3 years old blockchain payment program to concentrate on stablecoins.


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