Turkish Crypto Exchange Thodex CEO Faruk Özer Sentenced to 11,196 Years in Prison for Collapse
CFTC Initiates Enforcement Sweep Targeting Opyn and Other DeFi Operations
Coinbase-Backed Insurance Disruptor OpenCover Launches on Layer 2 Blockchain
According to a story in the Financial Times, Japanese investment firm Nomura is forming a subsidiary to provide institutions with access to digital assets.
According to the article, the new entity would employ 100 people by the end of 2023 and will provide exposure to cryptocurrencies, decentralized financing (DeFi), and non-fungible tokens (NFTs).
The bank did not respond to a request for comment from CoinDesk.
Last week, Nomura and Cumberland DRW began trading bitcoin futures and options on the CME, joining competitors Goldman Sachs (GS) and JPMorgan (JPM) in allowing their clients access to crypto markets.
In June 2020, Nomura became one of the first banks to look into crypto asset custody, entering the Komainu custody joint venture with fund manager CoinShares and custody specialist Ledger.
In 2020, the Nomura Research Institute, the bank's economic consultancy arm, will create a crypto-asset index that will track the Japanese cryptocurrency industry.
======
