Japan’s largest investment bank sets up cryptocurrency subsidiary
Japan’s largest investment bank Nomura will launch a new company to help institutional clients diversify their portfolios into cryptocurrencies, including in the DeFi and NFT sectors.
According to people familiar with the company’s plans, Nomura also has the ambition to own a chain of cryptocurrency-intensive subsidiaries under the control of the newly formed organization with a size of up to about 100 employees by the end of 2024.