SMBC Nikko Securities joins Nonagon Connect as a "Web3 Supporter"
SMBC Nikko Securities and Nonagon Capital have agreed to a strategic partnership, whereby SMBC Nikko will participate as a "Web3 Supporter" in the community service "Nonagon Connect" provided by Nonagon Capital, serving major corporations launching and driving their Web3 initiatives.
SMBC Nikko has been focusing on the Web3 domain as a technology to maximize the unique value of Japan, which cannot be fully captured by traditional capitalism, led by its open innovation team "Funder Storm," which operates under the theme of "Regional Revitalization × Token Economy," and the joint venture "Proof of Japan" established in 2023.
SMBC Nikko has been actively participating in discussions for domestic rulemaking through activities with the Japan Cryptocurrency Business Association, producing and sharing introductory videos on YouTube, and organizing Web3-related workshops and events nationwide to disseminate correct knowledge and create an environment where everyone can utilize Web3 safely.
Nonagon Capital, based in the San Francisco Bay Area, is a venture fund specializing in Web3 and blockchain technology, investing in Web3 startups worldwide. From its experience, it has identified the critical importance of research in conducting business in the rapidly changing Web3 industry and has strengthened its research efforts. The research results accumulated within the fund have been shared through Nonagon Connect, a community service operated by Nonagon Capital, to assist domestic companies in promoting Web3 businesses. This community aims to foster knowledge and experience that can compete globally by providing a platform for sharing insights and common challenges in promoting Web3 businesses among Japanese business leaders through newsletters, reports, and quarterly in-person events.
With SMBC Nikko joining as a supporter, Nonagon Connect is expected to enhance its expertise from a global financial perspective. Additionally, this partnership is expected to strengthen Nonagon Capital’s efforts to promote Web3 projects both domestically and internationally.
SMBC Nikko is fully aligned with the mission of Nonagon Connect and will actively contribute to the community by sharing insights and participating in discussions as a Web3 Supporter.
Furthermore, SMBC Nikko plans to leverage Nonagon Capital’s global network and expertise to advance its open innovation efforts and promote the development of new businesses utilizing Web3 technologies in Japan.
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