Nomura and SBI plan to launch digital token operations

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

20220705N Digital tokens

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

KEITA SEKIGUCHI, Nikkei fintech editor

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.

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