Japanese Tradfi Giant Nomura’s Crypto Arm to Launch Coin Trading Platform

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Source: Boyz/Adobe

japanese traditional giants nomura The crypto trading platform for professional traders is set to launch in early 2023 – as the firm seeks to accelerate its crypto operations.

nomura Recently announced the launch of a crypto-focused firm The laser is named Digital. This new subsidiary also operates a sub-unit called Ledger Venture Capital. The company said that this body will support projects in the decentralized finance (DeFi), centralized finance (CeFi), Web3 and blockchain space.

To coinpostLaser Digital expects its trading services to be operational by March next year.

Ledger Digital said it will target institutional investors with its new platform as well as high-net-worth individuals. The firm will also offer its services to crypto-inclined family offices and hedge funds.

However, the company said its move into regional markets would depend on regulatory progress. In a linkedin postThe company’s chief operating officer Oliver Dang wrote that the company “plans to hire tens of new staff members by next year.”

Dang said the subsidiary will have “trading and orderly market making” services “in spot and derivatives” “ready in 1Q”. [of 2023],

He said an “asset management product” was also on the way and that the firm was “initially” operating out of Zurich, Dubai and London.

A week ago, Ledger Venture Capital announced that it has invested in the Near blockchain network-based Orderly Network DeFi project.

Nomura also British blockchain payments firm Fnality. invested in,

Japanese Tradefi Player Continue Crypto Pivot

Nomura, primarily a banking firm, has been keeping an eye on the crypto space for some time. In 2020, the company indicated that it is ready to Move into the Crypto Custody Space,

Several other major Japanese merchant players have already moved into the crypto arena.

These include securities and banking firm SBI, which now has crypto exchange and coin mining arms. Another notable example is Monex Group – a securities firm hoping to launch its crypto exchange, Coincheck, on the NASDAQ exchange next year.

Coincheck 1 year trading volume. (Source: CoinGecko)

Meanwhile, the credit card giant is focusing on JCB central bank digital currencies,

card issuing company pilots running This is expected to allow JCB to develop compatibility with the Bank of Japan’s digital yen prototype.

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