Latest news for Nomura Holdings (OTC:NRSCF) Stock

Nomura Holdings Inc is a financial services group in Japan and operates offices in countries and regions worldwide including Japan, the U.S., the U.K., Singapore, and the Hong Kong Special Administrative Region ("Hong Kong") through its subsidiaries. The company's clients include individuals, corporations, financial institutions, governments, and governmental agencies. The company's business consists of Wealth Management*, Investment Management, and Wholesale. The company generates the majority of its revenue from the wholesale segment. The Wholesale Division consists of two businesses, Global Markets, which is mainly engaged in the trading, sales, and structuring of financial products, and Investment Banking which is engaged in advisory, financing, and solutions businesses.

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Japanese financial services giant Nomura Holdings Inc (OTCMKTS: NRSCF) is facilitating the use of blockchain-based security tokens to buy and trade luxurious Italian dishes as their value fluctuates.

Japanese Brokerage Nomura Lets Users Trade Crypto Tokens For Pizza And Pasta: Report

NOMURA HLDGS INC by Nomura Holdings, Inc.

Nomura Holdings Inc

Nomura Holdings

Japanese financial services giant Nomura Holdings Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NRSCF#OTC">NRSCF</a>) is facilitating the use of blockchain-based security tokens to buy and trade luxurious Italian dishes as their value fluctuates.

What Happened:&nbsp;According to a report from <a href="https://www.japantimes.co.jp/news/2021/08/27/business/corporate-business/nomura-crypto-food/" style="color:#0563c1; text-decoration:underline">The Japan Times</a>, an affiliate of Nomura Holdings began selling these security tokens for four high-end food parcels a year from award-winning Japanese chef Masayuki Okuda.

Okuda&rsquo;s curated menu includes pumpkin ravioli, corn and chicken tortellini, and asparagus pizza.

Subscriptions for the service cost 60,000 yen or a little over $540 dollars. Those that own these security tokens will be able to trade them and purchase the exclusive items on the menu beginning next year.

Nomura said it expects the market for security tokens to grow after these blockchain-based assets become more widely accepted globally.

What Else: Last year, Nomura introduced Japan&rsquo;s first bond offering leveraging blockchain technology through its &ldquo;ibet&rdquo; platform.

The offering comprised two bonds: a digital asset bond and a digital bond. The digital asset bond was sold directly to investors by NRI, while Nomura Securities underwrote the digital bond.

&ldquo;On the investor side, since return on bond investments has been limited to money in the past, having a wider range of return options may serve as an incentive for them to hold bonds for a long period,&rdquo; said <a href="https://www.nomuraconnects.com/focused-thinking-posts/japans-first-bond-offering-using-blockchain-technology/" style="color:#0563c1; text-decoration:underline">Hiroshi Yamada</a> from Nomura&rsquo;s capital markets department.

&ldquo;For issuers, depending on the nature of the return, it is possible to reduce funding costs. This will encourage investors to hold bonds for a longer period of time and lead to more stable corporate bond prices in the secondary market,&rdquo; he added.

Read next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/08/22692047/cuba-reportedly-looks-into-recognizing-crypto-on-national-level">Cuba Reportedly Looks Into Recognizing Crypto On National Level</a>

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Friday, August 27, 2021

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