Copy link
Increase text size
Decrease text size
Link copied

Nomura and Nomura Research Institute to develop blockchain-based platform for exchanging securities and other rights

Mon, 17 Jun 2019, 11:35 am UTC

Nomura Holdings and Nomura Research Institute (NRI) have signed a memorandum of understanding (MOU) to establish a joint venture company that will focus on developing a blockchain-based platform for exchanging securities and other rights.

The new company is expected to be established in August of this year.

According to the press release, Nomura will hold a 66% stake in the new company and NRI will hold 34%. This, however, is subject to further discussion between the two companies.

Nomura and NRI have already collaborated in the past to develop businesses that make use of the latest technologies. Back in 2015, they had trialed blockchain technology for the management of equities related information.

Furthermore, technical experts from NRI are dispatched to Nomura’s innovation subsidiary N-Village to conduct joint research into various technologies as well as create new businesses and services.

Regarding their plans to develop a blockchain-based platform for exchanging securities and other rights, the release said:

“To meet the need for more sophisticated and agile services in the securities trading business, the two companies aim to build a new platform to support corporate clients with the issuance and distribution of securities and other rights.”

Earlier this year, Nomura signed an MOU with chat giant LINE and LVC Corporation to discuss establishing a blockchain-based financial business alliance. It has also made an investment in blockchain security startup Quantstamp in March.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,925.60 (+1.54%)
  • Ethereum (ETH) $437.84 (+2.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Chainlink (LINK) $17.07 (-0.96%)
  • Bitcoin Cash (BCH) $295.50 (-0.11%)
  • Bitcoin (BTC) $11,925.60 (+1.54%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft