Nomura Survey Shows More Than 50% Japanese Managers Plan Crypto Investment

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As an experienced financial analyst, I find the recent survey conducted by Nomura Holdings on investment managers’ interest in crypto assets quite intriguing. With nearly half of the respondents expressing their intent to invest in crypto within the next three years, it is clear that Japan’s traditional financial sector is recognizing the potential value of digital assets.

Approximately half of investment managers working for Japan’s leading brokerage firm, Nomura Holdings, along with its digital asset branch Laser Digital, have expressed intent to invest in cryptocurrencies within the next three years, according to a recent survey.

In April, Nomura carried out a survey involving approximately 500 investment managers based in Japan. The results revealed that approximately half of these investors expressed an intention to invest in cryptocurrencies within the next three years. Their motivation was to safeguard their portfolios against inflation and minimize risks through diversification.

Approximately a quarter of the survey participants expressed a favorable attitude towards cryptocurrencies like Bitcoin and Ethereum. Additionally, over half of the respondents viewed crypto assets as a means to add diversity to their investment portfolios.

After the Japanese cabinet endorsed a proposal in February permitting local investment limited partnerships to acquire or possess cryptocurrencies, a survey was carried out. As per a statement by Nomura on Monday, it’s predicted that the amendment to the Limited Partnerships Act will occur towards the end of this year.

The Nomura study found that investors currently involved in cryptocurrency or planning to invest soon are motivated by various factors. These include the emergence of new crypto investment tools like exchange-traded funds (ETFs), staking, lending, investment trusts, and similar financial vehicles.

I, as an economic analyst, can tell you that under Prime Minister Fumido Kishida’s “new capitalism” policy, Japan is making significant strides in cultivating its Web3 industry. In a notable move last December, the government implemented a tax regime revision to exempt corporations from paying taxes on unrealized crypto gains if they hold onto these assets for an extended period.

Normura to Launch Yen Stablecoins

The rapid maturation of Japan’s cryptocurrency sector is being driven by a firm regulatory stance and the involvement of established financial institutions such as Nomura. In May last month, Nomura unveiled its intentions to launch stablecoins pegged to the US dollar and Japanese yen in the market.

To execute this grand scheme, Nomura’s digital assets sector, Laser Digital, will collaborate with internet infrastructure provider GMO Internet. Moreover, they intend to offer stablecoin services to clients in Japan as part of their business model.

The collaboration aims to delve into the creation, retirement, and circulation of USD and JPY stable coins. In addition to generating these stable coins, Nomura intends to provide a comprehensive stable coin solution for businesses seeking to launch their own stable coins. This offering will cover crucial aspects such as managing regulatory compliance, handling back-end transactions, and integrating blockchain technology.

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2024-06-24 17:57