Nomura announced plans to reorganize its Future Innovation Company into a newly established digital company starting in April.
Digital assets such as cryptocurrencies, security tokens, and non-fungible tokens are gaining presence as a new asset class. The fusion of innovations stemming from distributed ledger technology with traditional finance is giving rise to a new range of services. By tapping into this, Nomura aims to expand its private markets businesses and broaden its services in focus areas including sustainability and decarbonization.
“This is an important next step in our digital evolution,” said Kentaro Okuda, Nomura president and Group CEO, in a statement. “Digital technology is a critical part of our strategic drive to expand our operations in private markets. The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.”
Since it was established in April 2019 with the aim of co-creating the best services and an ideal future together with clients, the Future Innovation Company has focused on planning and developing digital services, supporting Nomura’s digital transformation, and exploring new business opportunities.
Nomura plans to strengthen collaboration in the digital domain across group companies, including its international operations, while also bolstering initiatives in focus areas as it builds on the work done by the Future Innovation Company.