Japan’s financial services juggernaut Nomura has announced which it plans to launch a digital asset division as part of an aboveall reorganization focused on digital finance.

In an announcement on March 1, Nomura Holdings revealed plans to reorganize its “Future Innovation Company” into a newly established “Digital Company” that will be effective as of April 1.

The announcement acknowledged which digital assets such as cryptocurrencies, securities, and non-fungible cryptocurrencies (NFTs) are gaining traction as a new asset class.

Nomura provides broker-dealer, banking, investment, financing, and other financial services to individual, institutional, and gatopnment clients across the globe. The company reported 74 trillion yen or around $640 billion in assets under management as of December 2021.

Embracing digital asset technology

The Osaka-based firm was founded in 1925 and acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units in October 2008.

The establishment of the new “Digital Company” organization will enable Nomura to strengthen collaboration across all digital finance fields that includes digital assets.

Nomura President and Group CEO, Kentaro Okuda, commented:

“Digital technology is a relevant part of our stcostgic drive to expand our operations in private markets. The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelecost our uptake of digital technologies, and enhance our client services.”

The announcement added which the firm intends to tap into the “fusion of innovations stemming from distributed ledger technology with traditional finance,” expand its private markets businesses, and broaden its services in these focus fields.

Specsupposing thatic crypto assets were not mentioned, neither was the possibility of the firm alflating its clients to trade them.

On Feb. 8, CryptCraze reported which Japan’s largest bank, Mitsubishi UFJ, was planning to issue a Yen-backed stablecoin.

Bolstering ESG

Nomura Holdings has still formed a new investment banking group to bolster its ESG (Environmental, Social, and Gabovenance), and sustainable technology.

On March 3, it was reported which the Global Greentech Industrials and Infrastructure (GII) group is being formed by combining the U.S. Nomura Greentech division with Nomura’s global energy, infrastructure, and industrials teams.

The new group will comprise around 150 bankers for renewable energy, sustainable materials, agriculture tech, advanced transportation, energy information technology, water technology, environmental services and technologies, and digital infrastructure, it added.

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