Nomura is just the latest in a growing list of large institutional banks to delve deeper into the crypto asset space. One of Japan’s largest financial groups plans on rolling together several crypto services into a new overseas subsidiary.
. It will initially be led by Jez Mohideen, head of wholesale digital operations of Nomura.
The bank appears to be feeling mounting pressure to become more intimately acquainted with the burgeoning blockchain technology and digital asset industry. One Nomura executive told the Financial Times that “If we don’t do this, then it’s going to be more difficult down the line to be competitive.” The move to expand crypto services comes at an interesting juncture for Nomura. Just last week on Thursday, Bloomberg
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