Tokyo, Japan – October 4, 2023 – MonexGroup, Inc. and NTT DOCOMO, Inc. announced a capital and business alliance agreement. Under the terms of the agreement, NTT DOCOMO will acquire a 49% stake in Monex Securities Co., Ltd., a subsidiary of MonexGroup. The agreement is expected to close in October 2023.1
The alliance will combine MonexGroup’s expertise in online securities and NTT DOCOMO’s customer base and marketing platform. The two companies aim to create a new one-stop shop for financial services, offering customers a wide range of products and services, including online brokerage, asset management, and cryptocurrency trading.
The alliance is a positive development for both MonexGroup and NTT DOCOMO. MonexGroup will gain access to NTT DOCOMO’s large customer base and marketing platform, which will help it to grow its business. NTT DOCOMO will gain access to MonexGroup’s expertise in online securities, which will allow it to offer its customers a wider range of financial services.
The alliance between MonexGroup and NTT DOCOMO is expected to have a significant impact on the Japanese financial industry and cryptocurrency. The two companies are major players in their respective industries, and their alliance will create a new powerhouse in the financial sector.
In terms of cryptocurrency, the alliance is seen as a sign of the growing acceptance of cryptocurrency by mainstream financial institutions.
MonexGroup is one of the largest online securities firms in Japan, and its alliance with NTT DOCOMO is expected to give cryptocurrency a greater reach in the Japanese market.
- MonexGroup: https://asia.nikkei.com/Business/Business-deals/Japan-s-NTT-Docomo-to-enter-securities-business[↩]
