Global financial services group Nomura Holdings Inc (TYO:8604) today announced the finalization of an agreement related to BOOSTRY security token business.

The initial memorandum of understanding was signed on July 22, 2020 by Nomura Holdings, Nomura Research Institute, Ltd. (NRI) and SBI Holdings, Inc. (SBI). Nomura has agreed to transfer a portion of the shares it owns in BOOSTRY Co., Ltd to SBI, and form an alliance regarding BOOSTRY’s operation and business. The three companies have now signed the final agreement.

After the share transfer, Nomura owns 56%, NRI owns 34% and SBI owns 10% of BOOSTRY’s shares.

The alliance aims to create a platform in Japan for security token transactions and promote digital asset related businesses through BOOSTRY to facilitate such transactions.

Nomura, NRI and SBI will bring together their know-how and experience on blockchain technology and security tokens in order to expand BOOSTRY’s business and allow for shared use of its token platform within the industry. By accelerating the widespread use of BOOSTRY’s platform, the three companies also seek to contribute to the sound development of the industry.

Nomura Group is actively working to diversify financial transactions using ICT technology. Digital asset related businesses leveraging blockchain are expected to offer new services in the capital markets.

The impact of the alliance on Nomura’s consolidated financial results is expected to be minimal.