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Nomura and SBI plan to launch digital token operations

Japan brokerages attempt to expand expertise for valuing shares to crypto assets

Many businesses involved in the cryptocurrency ecosystem raise funds through token issues.   © Reuters

TOKYO -- Leading Japanese brokerages Nomura Holdings and SBI Holdings each plan to launch services this year that will support startups and other companies that raise funds using digital tokens, electronic assets that use blockchains to verify ownership.

Companies usually raise money by issuing shares, but digital tokens can be issued by companies, organizations or individuals. The entry into the market by two leading brokerages is a sign of how much the business model of investment banking is changing.

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