Japanese bank Nomura's crypto division will go beyond trading and research to delve more deeply into the ecosystem. By IanAllison123
, alongside investment fund CoinShares and storage specialist Ledger, and is also one of the first to say it plans to delve deeper into the ecosystem.
“Komainu is one of our first projects, where we learned a lot about the bottlenecks of this industry,” said Mohideen. “It’s one of our portfolio companies and, where necessary, we will of course leverage and use that solution.”Nomura’s take on DeFi will similarly be focused on institutionalization. That’s because companies need to be able to identify their trading counterparties to be compliant with anti-money laundering regulations.
“It’s at an early stage with NFTs, but we want to explore the infrastructure side, whether it’s collateral financing and seeing the opportunity that exists there,” he said.Mohideen declined to say which stablecoins might be incorporated within Nomura’s crypto business. The cryptocurrency industry was shaken last week by the collapse of“I think any true stablecoin needs to be fully backed by fiat and collateral. They will need to be correctly audited and that will bring its own risk rating.
As for the effect on the wider market, Mohideen said many people may be asking, “is this the right time to go into crypto?” “This is a tectonic shift. It takes time, and maturity comes with events like last week. It’s where weakness in the system will be corrected and also in some cases it will require further, tighter regulation. It’s never good when people lose money, but this should speed up the institutionalization of this asset class.”
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