Nomura Holdings, LINE Collaborate to Launch Financial Services Powered by Blockchain

Asia Blockchain Review
October 25, 2019
Nomura Holdings, LINE Collaborate to Launch Financial Services Powered by Blockchain

Nomura and LVC, the subsidiary of LINE, signed an agreement in September to establish Nomura’s first blockchain venture. Blockchain-based financial services are part of the business projects being developed by the venture whose details have not yet been revealed. The partnership between Nomura and LVC is aimed at enabling LINE users to trade major cryptocurrencies, integrating the first’s financial expertise and LINE’s enormous user base worldwide.

Complementing Experiences in Blockchain Business

In August, LINE launched BitMax crypto exchange in Japan and its investment services wing, LINE Securities. Furthermore, the instant messaging giant operates LINK Chain, a blockchain network powered by LINK tokens. Exclusively available at BITBOX, the tokens, which now only serve as rewards, can be used to pay for all LINE services.

Regarding Nomura Holdings, the company has invested US$14 million in token issuance technology provider Securitize and partnered with other companies such as Tezos (XTZ) to develop many other blockchain-based projects. In 2018, Nomura Holdings also launched Komainu, Ledger and Global Advisors to create digital custody solutions.

Earlier this year, Nomura Research Institute established Boostry to develop blockchain-based platforms for securities trading.

New Crypto Projects Despite Government Concerns

Japan has been welcoming to cryptocurrency and blockchain-based projects, although its government has kept a close watch over crypto startups since the security breach of the Mt. Gox bitcoin exchange in 2014 and the hacking of Coincheck in 2018, considered the largest in the industry’s history.

The country has nevertheless continued issuing licenses to new digital currency exchanges, while the Financial Services Agency of Japan works to ensure stringent regulation on digital asset fund investment.

Source: www.namecoinnews.com


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