Nomura will reportedly launch a crypto-focused subsidiary within its digital asset unit, in yet another sign of increasing bank adoption despite recent volatility.
Last month, Nomura launched its «Digital Company» to «accelerate [its] uptake of digital technologies and enhance our client services», according to an announcement, with a focus on digital assets.
And in the latest, the Japanese financial giant will dedicate focus on digital assets, such as cryptocurrencies, stablecoins or non-fungible tokens, with the launch of a subsidiary within Digital Company, according to a «Bloomberg» report citing senior managing director Kaoru Numata, who oversees digital projects and retail marketing.
Nomura recently debuted Bitcoin derivatives for clients after «significantly» increased demand in the past two years.
An increasing number of banks continue to increase crypto adoption despite recent volatility, notably fuelled by the collapse of stablecoin TerraUSD. Last week, Barclays and Goldman reportedly invested in British hedge fund billionaire Alan Howard’s crypto trading firm Elwood Technologies. The latter bank also just launched its first-ever Bitcoin-backed lending facility last month.
Metaverse Exploration
In addition, Digital Company will also explore metaverse opportunities such as virtual fundraising or advising on new regulations.
Digital Company may hire «a few dozen» workers, in part to boost its research and development in metaverse and other blockchain-driven services.
Details of Nomura’s metaverse plans have not been finalized.
