The largest Japanese bank Nomura will transfer all cryptocurrency operations to a subsidiary registered abroad and increase the unit’s team to 100 people.
how informs The Financial Times publication, citing sources familiar with the situation, plans to increase the team of its cryptocurrency division to 100 people by next year.
Although the subsidiary will be registered overseas, Nomura representatives will serve on the firm’s board. The company will be led by Nomura’s head of wholesale digital operations, Jez Mohideen.
The banking giant is increasingly interested in blockchain and cryptocurrencies. As one of the top managers of Nomura said, it is necessary to develop this direction, otherwise it will be more difficult for the bank to remain competitive in the future.
According to the results of the first quarter of 2022, Nomura managed assets worth $569 billion. The bank plans to reorganize Future Innocation to study NFTs and other digital assets, it was reported back in March of this year.
Source: Bits
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