Line and Nomura Join Forces for Blockchain Innovation

Big Moves in Blockchain

On October 4, the Japanese messaging giant Line, alongside its group company LVC Corporation and financial powerhouse Nomura Holdings, announced they’ve sealed a final capital alliance agreement. With blockchain technology as their guiding star, this trio is set on a mission to explore the expansive business opportunities within the industry. If you thought texting your best friend was exciting, wait until you see what they do with blockchain!

A Quick Look Back

This isn’t their first dance. Back in January 2019, these companies signed a memorandum of understanding, officially kicking off their venture into blockchain. Initially aiming for a March agreement, they’ve finally tied the knot (not to be confused with wedding bells) with the recent signing, paving the way for a collaboration that promises big things.

The Financial Alliance

With Nomura’s recent investment into LVC, the partnership solidifies their commitment to advancing blockchain technology. This financial alliance is not just about balmy backroom deals; it’s about making a lasting impact in the decentralized landscape of digital finance. So, if you’re wondering what they’re cooking, think less ramen, more crypto-laced business strategies.

A History of Collaboration

Let’s not forget that Line and Nomura have been partners before. They ventured into the financial realm back in 2018, launching a firm to offer securities brokerage services and investment advice. In that union, Nomura owned 49% while Line gripped 51%, showing off an impressive balancing act of control and collaboration.

Line’s User Base

Before you call it a niche project, consider this: Line boasts a whopping 81 million monthly active users in Japan alone! That’s a sizable audience to potentially introduce to blockchain-enhanced features. Imagining your mom sending you gifs while potentially making crypto transactions is a wild thought, isn’t it?

Nomura’s Broader Investments in Crypto

The blockchain buzz doesn’t stop here for Nomura. Just recently, they, along with Santander’s VC arm and MUFG Innovation Partners, invested a cool $14 million into Securitize. Yes, that’s right! This Coinbase-backed token issuance protocol is another sign of Nomura’s serious commitment to navigating the blockchain waters.

What Lies Ahead?

As we look towards the horizon of this partnership, the possibilities seem unlimited. With the blend of Line’s user base and Nomura’s financial prowess, we could be witnessing the beginnings of something revolutionary in financial technology. Stay tuned; this outfit is just getting warmed up!