Lens1000
VIP Contributor
The cryptocurrency is gaining traction has so many financial institutions that were deemed fit are venturing into cryptocurrency investment. A bank in Japan also planned to deep toes into the decentralized finance (DeFi), cryptocurrency and non-fungible token (NFT) for its institutional clients. This is a good step in the right direction for the bank called Nomura, an investment bank based in Japan.
A survey revealed that major banks in the world would adopt cryptocurrency in the future and this is one of the evidence. The bank would trade bitcoin futures and would also allow its users to carry out NFT transactions. It is important to note that this transactions is limited to instructional clients alone and the management plan that it will be extended to other clients in the future.
The Bank planned to employ 100 people to man this particular project. Nomura took the step irrespective of the turbulence that is in cryptocurrency market presently and it is a giant strives for this bank at this period. This is basically what we've been expecting in the financial space and it is worth considering for the future of the financial markets. This is not the first time and investment bank would be involving itself in cryptocurrency.
A survey revealed that major banks in the world would adopt cryptocurrency in the future and this is one of the evidence. The bank would trade bitcoin futures and would also allow its users to carry out NFT transactions. It is important to note that this transactions is limited to instructional clients alone and the management plan that it will be extended to other clients in the future.
The Bank planned to employ 100 people to man this particular project. Nomura took the step irrespective of the turbulence that is in cryptocurrency market presently and it is a giant strives for this bank at this period. This is basically what we've been expecting in the financial space and it is worth considering for the future of the financial markets. This is not the first time and investment bank would be involving itself in cryptocurrency.