Nomura establishes new company to focus on digital assets
Nomura Holdings (TYO: 8604) says digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class, while the “fusion of innovations” stemming from distributed ledger technology combined with traditional finance is giving rise to a new range of services.
The Japanese financial services giant today announced plans to reorganize its Future Innovation Company into a newly established Digital Company, effective April 1, 2022.
“This is an important next step in our digital evolution,” said Kentaro Okuda, Nomura President and Group CEO.
“Digital technology is a critical part of our strategic drive to expand our operations in private markets. The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.”
Since it was established in April 2019 with the aim of co-creating the best services and an ideal future together with clients, the Future Innovation Company has focused on planning and developing digital services, supporting Nomura’s digital transformation, and exploring new business opportunities.
Through the new Digital Company, Nomura is now planning to strengthen collaboration in the digital domain across group companies, including its international operations, while also bolstering initiatives in focus areas as it builds on the work done by the Future Innovation Company.
Nomura says it will “continue to contribute to the creation of a truly affluent society by leveraging advanced digital technologies centering on the Digital Company to provide clients with new investment opportunities and added value”.