Japan’s Nomura is creating a new digital asset company offering institutional clients a range of trading, investor products, and investment services.

Launching later this year, the new company will operate as a wholly owned segregated entity of NHI and will offer institutional clients products and services related to cryptocurrency, stablecoins, decentralised finance (DeFi), non-fungible tokens (NFTs) and other tokens.

Steve Ashley, who is head of wholesale division at Nomura and will also serve as chair for the new company, said: “This is a major step forward as we look to scale-up our digital asset related businesses and investments.

“The new company will enable us to build an edge in providing institutional clients with access to a wide range of new products and services and contribute meaningfully towards responsible innovation in the digital asset ecosystem.”

The launch of the new company follows the establishment of Nomura’s Digital Company in April 2022.

Digital Company was formed after a re-organisation of Nomura’s Future Innovation Company, with the sole strategic intention of building Nomura’s presence in the digital asset space.

Hajime Ikeda, head of Digital Company, said: “Staying at the forefront of digital innovation is a key priority for Nomura. Digital assets and the ecosystem around them represent a generational shift in how financial assets can be created and used.”

“Establishing this new company is a critical foundation for us and key to building an end-to-end digital asset offering,” Jez Mohideen, chief executive of the new unit, said.

“The company will have top talent and business agility along with access to Nomura’s global network to build a top tier institutional digital asset franchise,” he added.

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