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Nomura to launch overseas unit for cryptocurrencies and NFTs

Amid market volatility, Japanese financial group ramps up digital asset services

Nomura Securities' dealing room in Tokyo. The brokerage aims to accelerate its uptake of digital technologies such as cryptocurrencies by creating a specialized unit.  (Photo by Ken Kobayashi)

TOKYO -- Nomura Holdings will create a company to develop and offer services related to cryptocurrencies and nonfungible tokens, looking to establish a foothold in the growing field of digital assets.

The new unit, set to launch this year, will be based outside Japan with an eye toward attracting talent in cutting-edge technologies. Its board will include several members sent from Nomura.

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