Japan’s largest investment bank Nomura readies new crypto subsidiary

Japan's largest investment bank, Nomura, is set to set up a new subsidiary to help institutional clients invest in cryptocurrencies and nonfangible tokens (NFTs).

The Financial Times reported on Tuesday that people with knowledge of Nomura's plans said the firm would bring several crypto services under a single company with about 100 employees by 2023.

Nomura is one of the ten largest banks in Japan, with assets of 9 569 billion in the first quarter of 2022.