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Japan’s Nomura Holdings Invests in Line’s LVC to Build Blockchain-based Financial Services

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Japan’s oldest brokerage firm has established a blockchain-related partnership with the operator of the nation’s most widely-used messenger service.

According to the October 4 announcement, Nomura Holdings, the parent company of Nomura Securities, revealed it has invested in LVC, a subsidiary of South Korea’s Line, following an agreement finalized on September 24.

The terms of the deal have not been shared publicly.

Nomura’s management stated that the venture will be creating blockchain-enabled financial services. The partnership will leverage Line’s large user base, which includes 81 million users from Japan. The deal will also aim to take advantage of Nomura’s ...

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