Nomura Holdings is a Japanese financial holding company and a principal member of the Nomura Group. It provides investment, financing, and related services to individual, institutional, and government customers on a global basis, with an emphasis on securities businesses, through its broker-dealer, banking, and other financial services subsidiaries.
Japan is expected to launch a Bitcoin ETF as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under the regulatory scope of financial products, Japan's Financial Services Agency (FSA) plans to adjust rules related to investment trusts, allowing funds and ETFs to hold crypto assets as primary investment targets. Multiple asset management institutions have already expressed interest in participating. Japanese institutional investors' interest in crypto assets is on the rise. A survey by Nomura Holdings and Laser Digital shows that approximately 79% of institutional investors and family offices plan to invest in crypto assets within the next three years.However, unlike the US Bitcoin ETF, which is primarily driven by institutional funds, Japan's institutional investor base is relatively limited, and a high proportion of household financial assets are held in cash. Therefore, individual investor funds are likely to become the main source of inflows. Some analysts believe that Japan's Bitcoin ETF could attract up to 3 trillion yen in inflows by FY2028. (Nikkei)
Bitcoin
Inflow
Inflow
Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation (JSCC), and Digital Asset Holdings have jointly launched a proof-of-concept experiment on blockchain-based collateral management enhancement. This experiment will leverage the Canton Network—a blockchain platform designed specifically for institutional finance—to explore digital collateral management using Japanese Government Bonds (JGBs). The experiment will test JGB rights transfers and ledger updates via blockchain under a multi-tiered account management structure, and will explore enabling 24/7, real-time collateral transactions while preserving the existing legal attributes of issued securities. It will also cover cross-border scenarios and assess alignment with relevant laws, regulations, and rules. This project is part of the “Payment Enhancement Project (PIP)” supported by Japan’s Financial Services Agency (FSA), aiming to improve cross-border collateral management efficiency, reduce operational costs for financial institutions and investors, and strengthen the international competitiveness of Japan’s financial markets.
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Canton Network
Digital Asset
PIP(Peer Protocol)