As part of the reform, the company announced the creation of a new Digital Company, which will start functioning in April.
Nomura Holdings has revealed the establishment of a new digital assets unit to explore potential prospects in the asset class, indicating increased institutional awareness in crypto and NFTs.
The wealth management firm said that its Future Innovation Company will be restructured into a new Digital Company, which will start operating in April. The new company's primary goal will be to expand customer utilization of digital assets and offer related services. Kentaro Okuda, President and CEO of Nomura Group, stated:
"The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.”
The wealth manager, which supervises over $641 billion in assets, said that it intends to enhance digital usage throughout its functions. According to reports, the new unit would look at possibilities in cryptocurrency and NFTs, among other digital assets.
Although having some of the most rigorous crypto regulations, NFTs have become highly popular in Japan. Nomura Holdings, a Japanese financial services company, is the latest significant participant to explore NFTs in the country. Rakuten, a massive Japanese e-commerce company, introduced a range of its own NFT trading platform, Rakuten NFT, last week.
Mitsubishi UFJ Financial Group (MUFG), Japan's largest financial conglomerate, stated last month that it would discontinue its three-year-old blockchain payment venture to emphasize stablecoins.