Omise Holdings, a blockchain-powered fintech company in Southeast Asia, announced today it has raised an undisclosed amount of funding from Japan-based digital financial holding company Nomura Holdings.

In an official announcement, the company said that it will use the money for the expansion of its subsidiaries, backing the scale-up plans of their operations in the areas of payments, blockchain technology, and digital assets exchange industries.

“The fact that a key player in the regulated finance world is embracing the financial services, open infrastructure, and disruptive technology we’re developing is an extremely positive indication for us. In expanding our operations, we’re seeking jurisdictions with stable and transparent regulatory frameworks and forward-thinking governments,” said Jun Hasegawa, Group CEO, Omise Holdings.

Founded in 2013, Omise develops an open financial infrastructure that combines traditional and non-traditional financial services and platforms. The company runs three subsidiaries –Omise.

Omise is a payment gateway whereas OmiseGO is an Ethereum-based fintech network, which enables real-time, peer-to-peer value exchange, and payment services agnostically, across jurisdictions and organisational silos, and with both fiat and decentralised currencies. On the other hand, GO.Exchange is a cryptocurrency exchange.

Also Read: Blockchain-powered fintech startup OmiseGO bags funding led by Global Brain

In 2017, Omise bagged two fundings from FINNOMENA and Krungsri Finnovate respectively. Last year, OmiseGO was backed by Japanese VC firm Global Brain.

Nomura has been in operation since 1925 with four business pillars in retail, asset management, wholesale (Global Markets and Investment Banking), and merchant banking. It has begun to explore blockchain technology by supporting businesses entering the asset tokenisation market.