Wealth management giant Nomura Holdings has reportedly disclosed details related to the formation of its digital assets team, to deep-dive into potential opportunities in the asset class.

Specifically, The wealth management – via an initiative signaling a developing institutional interest in crypto and NFTs – reportedly revealed its restructuring intention of the Future Innovation Company into a brand new Digital Company, which officially functions in April this year. 

The primary goal of the new firm is reportedly to amplify clients’ use of virtual assets and offer associated services. 

“The new Digital Company will lead deeper collaboration among internal and external stakeholders, accelerate our uptake of digital technologies, and enhance our client services.” Nomura Group president and Head Kentaro Okuda additionally remarked regarding the situation. 

The wealth manager – current offering management activity for approximately $641 billion in assets – further disclosed its objective of ramping up digital adoption throughout each of its operations. 

The freshly formed division will reportedly deep-dive into possible opportunities across the crypto and NFTs sphere, among other digital assets.

NFTs have reportedly been gaining traction in terms of popularity in Japan, regardless of facing some of the most stringent crypto regulations. 

The Japan-based financial services conglomerate Nomura Holdings is reportedly the most recent high-profile name in the nation to cast its attention on NFTs. 

Last week, top-tier Japanese e-commerce firm Rakuten reportedly revealed details related to the official introduction of its self-developed NFT trading platform, going by the name “Rakuten NFT”.