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Japan’s largest investment bank Nomura to launch crypto arm, FT reports

Quick Take Nomura plans to have around 100 people working for the new unit by the end of 2023. Last week the bank announced its first bitcoin futures and options trades.  Japanese investment bank Nomura will launch a new company focused on cryptocurrency, decentralized finance (DeFi) and non-fungible tokens (NFTs) for institutional clients, according to the Financial Times. Nomura plans to have around 100 people working for the subsidiary by the end of next year, the FT reported, citing people …

Nomura begins offering Bitcoin OTC derivatives to clients in Asia

Japanese investment bank Nomura said on Twitter Friday that it has begun offering over-the-counter Bitcoin derivatives contracts to its clients in Asia out of Singapore. “We have launched #Bitcoin OTC #derivatives with Bitcoin non-deliverable forwards and non-deliverable options for clients in #Asia out of Singapore. We also executed our first Bitcoin #futures and #options trades this week on @CMEGroup with @CumberlandSays,” Nomura said in the post. CME Group is the world’s biggest financial derivatives exchange, while Cumberland DRW is a …