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Nomura and Daiwa to invest in SBI's digital stock exchange, says Nikkei

Nomura and Daiwa to invest in SBI's digital stock exchange, says Nikkei

FILE PHOTO: A logo of Nomura Holdings is pictured in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai//File Photo

TOKYO : Nomura Holdings and Daiwa Securities Group will each take a 5per cent stake in SBI Holdings' digital stock exchange, the Nikkei business daily reported on Thursday.

Japan's top brokerage houses will participate in a 3.5 billion yen (US$30.88 million) capital increase to be conducted by the digital stock exchange set up by SBI and Sumitomo Mitsui Financial Group, Nikkei said.

(US$1 = 113.3600 yen)

(Reporting by Makiko Yamazaki; Editing by David Goodman)

Source: Reuters

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