JUST IN: Japan’s largest investment bank Nomura to launch subsidiary for institutional clients to invest in bitcoin

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> Last week, Nomura successfully executed its first bitcoin futures and options trades on Chicago-based futures exchange CME by DRW’s crypto-trading arm Cumberland.
> …will be run by current Nomura executives but will hire extensively from outside, will allow the Japanese brokerage to compete with other major global banks already offering institutional clients services and products linked to bitcoin, stable coins and other digital assets.
> Nomura joins Goldman Sachs, Citigroup, Bank of New York Mellon and other global financial institutions that have all become active in the cryptocurrency market in recent years.

Great for adoption!


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