• Days
  • Hours
  • Mins
  • Secs
  • Wed, 18 Sep 2019, 02:49 AM
  • All times are UTC
  • Edition:
    International
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) $10,263.30 (+0.01%)
  • Ethereum (ETH) $212.74 (+7.64%)
  • XRP (XRP) $0.306300 (+17.34%)
  • Bitcoin Cash (BCH) $325.76 (+6.06%)
  • Litecoin (LTC) $75.58 (+4.10%)
  • Bitcoin (BTC) $10,263.30 (+0.01%)
Sep 17, 2019 (Tuesday)
14:34
Wells Fargo to pilot internal blockchain-based digital currency for payments
12:57
Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
12:18
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:17
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:45
Crypto exchange Binance backs Chinese crypto news portal Mars Finance
10:55
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
10:18
Hedera Hashgraph blockchain goes live with 26 dapps
08:38
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
07:38
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
06:48
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
06:02
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
05:24
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
05:17
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
04:37
Blockchain food provenance platform OpenSC secures $4M in seed funding
04:03
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
03:48
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
03:39
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
03:35
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Sep 16, 2019 (Monday)
11:57
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:31
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft