Japanese investment bank Nomura will launch a company focused on crypto for institutional clients.
According to the Financial Times report, Nomura has started working on starting a new company focused on cryptocurrencies, DeFi and NFTs for institutional clients.
The bank plans to hire around 100 staff for the subsidiary. Although a comprehensive recruitment policy has been put forward, it has been stated that the current managers will continue to manage the company.
Nomura announced last week that it has launched its first bitcoin futures and options trading on the CME. The transactions were handled through Cumberland, the crypto arm of trading firm DRW.
Nomura has currently handed over 15 staff to the anonymous crypto company. Jez Mohideen, Nomura’s chief digital officer, will head the project.
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