Investment banking giant Nomura to launch crypto services for institutions

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Investment banking giant Nomura Holdings, Inc. (“NHI”) today announced the creation of a new digital asset company that will provide institutional clients with a full suite of trading, investment and investment products.

Due to launch later this year, the new digital asset company will provide institutional clients and investors with products and services related to cryptocurrencies, stablecoins, decentralized finance (DeFi), non-fungible tokens (NFT) and other tokens.

In a press release shared with Finbold, Steve Ashley, president of the new company and head of the wholesale division, said:

“This is a major step forward as we seek to grow our digital asset business and investments. The new company will allow us to stand out by offering institutional clients access to a wide range of new products and services and to contribute significantly to responsible innovation in the digital asset ecosystem.

The new company will operate as a separate entity wholly owned by NHI, with dedicated capital and resources to accelerate time to market and ensure the pace of innovation required in the digital asset ecosystem. Specialized staff from Nomura will be integrated into the new company in addition to external hires.

“Establishing this new company is a critical foundation for us and key to building an end-to-end digital asset offering,” said Jez Mohideen, the unit’s new CEO. “The company will have the best talent and business agility along with access to Nomura’s global network to create a leading institutional digital asset franchise.”

Today’s announcement follows the formation of Nomura’s digital company in April this year. The digital company was created following a reorganization of Nomura’s Future Innovation Company, with a strategic intent to strengthen Nomura’s presence in the digital asset space.

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