El banco Nomura of Japan said it created a crypto unit that will include investments in DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. and NFT.
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Japanese investment bank Nomura is launching a subsidiary to provide institutions with access to digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets, according to a report in the Financial Times.
According to the news, Nomura will launch a new company to help institutional clients diversify into cryptocurrencies, decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance and non-fungible tokens despite a recent bout of volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. in the cryptomarket that has raised fundamental questions about its safety for investors.
According to people with knowledge of the company’s plan to Financial Times, Japan’s largest investment bank will combine a range of digital asset services into a single wholly owned subsidiary that will have a staff of around 100 by the end of 2023.
Nomura and derivatives of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions.
Nomura began trading futures and options on Bitcoin last week on the futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. CME on the part ofCumberland DRW, joining rivals such as Goldman Sachs (GS) y JPMorgan (JPM) to give their customers access to crypto-markets.
The revelation of the plans of Nomura, which has been under discussion for four years, coincides with the a dramatic drop in the value of some of the world’s most important cryptocurrencies which raises concerns about the entire cryptomarket.
The new company, which will be run by current executives from Nomura but will hire a large number of external people, will allow the Japanese brokerage firm to compete with other major global banks que ya ofrecen servicios y productos a clientes institucionales vinculados a Bitcoin, monedas estables y otros activos digitales, dice Financial Times.
Other banks
Nomura se aGoldman Sachs, Citigroup, Bank of New York Mellon and other global financial institutions that have become active in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market an area or arena, online or offline, in which commercial dealings are conducted. in recent years.
“If we don’t do this, it will be harder to be competitive in the future.” said one of the executives of Nomura, who said that despite the questions surrounding digital assets, the opportunity cost of not offering investment to institutional clients was too high.
Despite the risks associated with digital assets, executives from Nomura said that interest from institutional clients was strong and would continue to grow as the cryptocurrency market, NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. and other assets grow attractive as a means to diversify more traditionally managed portfolios.
“Any asset class right now that has a discounted cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. flow is under a lot of stress in an inflationary environment. But I think . . . a lot of managers will look and think about potentially allocating towards Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. technology and Blockchain opportunities.” said the Nomura executive.
Nomura will initially transfer about 15 employees to the new digital assets subsidiary, which has not yet been given a name, but will be led by Jez Mohideen, the current chief digital officer of Nomura for your wholesale business.
Likewise, Nomura was one of the first banks to explore the custody custody is a financial institution's legal capacity to keep and preserve financial assets for its clients to avoid asset theft or loss. of cryptoassets, joining the custody joint venture Komainu along with fund manager CoinShares and custody specialist Ledger, in June 2020. In 2019 invested in Omitted.Go.
Sources: Financial Times , Coindesk , Reuters, archivo
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