Japanese Broker Nomura To Launch Bitcoin, Crypto Subsidiary: Report Today

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  • Japanese brokerage Nomura will reportedly launch a subsidiary to offer bitcoin and other cryptocurrency services to institutional clients.
  • The wholly-owned unit will have a staff of 100 by 2023, a report said.
  • Nomura executed some of its first trades with bitcoin derivatives last week.

Nomura Holdings Inc., Japan’s largest investment banking group, is launching a new subsidiary focused on institutional client services for bitcoin and other cryptocurrencies, according to a report from the Financial Times.