Nomura Holdings has reclaimed the top position in advising on Japanese mergers and acquisitions for 2025, a record year for deal values. Transactions related to Japan surged 89% to ¥59.5 trillion.

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In 2025, the digital asset industry reached a turning point with record institutional adoption, regulatory progress, and surging mergers and acquisitions. Crypto-native asset managers are positioned to shape this maturing sector, outpacing traditional finance giants through expertise and innovation. Consolidation is extending to asset management, signaling a new era of scale and institutional trust.

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