Today Japanese firms Nomura Holdings and Nomura Research Institute (NRI) have
established a joint venture company to build a blockchain platform for the exchange of securities. The company, named BOOSTRY, has kicked off with $11 million capital.
BOOSTRY’s incorporation has occurred according to the firm’s timeline. As we
reported last month, Nomura and NRI first worked together on blockchain projects in 2015 and signed a
memorandum of understanding for this project in June.
Nomura is a financial services firm with net revenues of over $10 billion. It owns just over a third of the shares of IT service provider and consultancy company NRI. Their newly established joint venture is 66% owned by Nomura and 34% by NRI.
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