Nomura Holdings, Inc. stated that beginning April 1, 2022, it would reorganize its Future Innovation Company into a recently created Digital Company. The team has announced the formation of a new digital assets team to investigate potential prospects in the asset class. Those might indicate increased institutional interest in cryptocurrencies and NFTs.

The financial planner, which manages $641 billion in assets, indicated that it wants to boost digital usage across the board. According to reports, the new section will look into cryptocurrencies and NFTs, as well as other digital assets.

Despite having one of the strictest crypto regulations in the world, NFTs are growing increasingly popular in Japan. Nomura Holdings, a Japanese financial services company, is the latest major player to investigate NFTs in the nation. Rakuten, a large Japanese e-commerce company, announced the introduction of its own NFT trading platform, Rakuten NFT, last week.

Japan’s largest financial conglomerate, Mitsubishi UFJ Financial Group (MUFG) also showed interest in stablecoins. Last month MUFG stated that it will end its three-year-old blockchain payment experiment to focus on crypto.

Nomura invested in Crypto Garage

Back in October 2021, Nomura has stated that it has invested in Crypto Garage, a subsidiary of Digital Garage, a Tokyo-listed company. When it comes to business strategy, the money will be put toward developing a crypto-asset company.

Those two companies would collaborate on custody. Komainu, a digital asset custody startup based in Jersey co-founded by Nomura, has partnered with Crypto Garage to provide custody services in Japan.

The financial ecosystem is evolving as a result of the expansion of digital assets. Komainu is developing custody solutions as well as supplementary services. The company would offer institutions the assistance they require throughout the custody process.

Crypto Garage also provides services to crypto asset companies throughout the world, including SETTLENET. SETTLENET is a blockchain-based settlement platform.

Rakuten launched Rakuten NFT

Last week of February 2022, Rakuten has created Rakuten NFT, a non-fungible token (NFT) marketplace and sales platform. Rakuten NFT is a service that allows users to buy and trade NFTs in a variety of categories, including sports and entertainment.

Rakuten NFT also comes with a one-stop platform that allows users to create their website to issue and sell NFTs.

Issuance and selling of NFT material are expected to begin in 2023 or later. IP holders will be able to add owned NFTs to a collection on their website. They can also decide to put NFTs on the marketplace and sell them.

The service is a good way of promoting the growth of a global NFT market. In addition, plans aim for the adoption of a variety of new payment options in Japan.

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