Japanese wealth manager Nomura to explore crypto and NFTs with new unit

Nomura Holdings announced that it will establish a new team for digital assets to explore potential opportunities in this asset class. This may be a sign of institutional interest in cryptocurrency and NFTs.

According to the wealth management company, it is restructuring its Future Innovation Company into a new Digital Company. The company will start operations in April. The new company’s main goal will be to increase the use of digital assets by clients and offer related services. Kentaro Okuda, President and CEO of Nomura Group said that:

“The new Digital Company will foster deeper collaboration between internal and external stakeholders, accelerate digital technology adoption, and improve our client services.”

The wealth manager has $641 billion of assets under its control and stated that it wants to increase digital adoption in all of its operations. According to reports, the new division will explore digital assets such as NFTs and cryptocurrencies.

Source: Pixabay, Stevepb

NFTs are growing in popularity in Japan despite the strict crypto rules. Nomura Holdings, a Japanese financial services conglomerate, is the latest to examine NFTs in Japan. Rakuten NFT, a major Japanese e-commerce company, launched its own NFT trading platform last week.

Similar: A Japanese messaging app will start a trial run for native tokens in March

Japan’s largest financial conglomerate Mitsubishi UFJ Financial Group announced last month that it would end its blockchain payment project of three years to concentrate on stablecoins.

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