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Nomura establishes new JV unit

Nomura Holdings Inc. and Nomura Research Institute Ltd. have set up their joint venture company that will make use of blockchain technology to develop a platform for exchanging securities and other rights.

The new company, called Boostry Co. Ltd., was established Sept. 2 with ¥1.18 billion of capital.

Nomura holds a 66% stake in the joint venture, while Nomura Research Institute holds a 34% stake.

As of Sept. 2, US$1 was equivalent to ¥106.27.