On Wednesday, Nomura Holdings, a Japanese financial company and core member of the Nomura Group, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial firms entering the cryptocurrency industry this year.
Nomura introduced Laser Digital Holdings
Nomura Holdings, the investment banking giant from Japan, is entering the world of crypto-assets and in the coming months the innovation will reveal “new services and product lines”. Nomura is one of the largest investment banks in Japan and one of the oldest banks in the country. The investment company established itself 97 years ago in Osaka in 1925 as Nomura Securities.
The new Laser Digital Holdings is a company incorporated in Switzerland to establish three permanent product offerings, including secondary trading, venture capital and investor products. The new venture will be led by Jez Mohidin as CEO and Steven Ashley as Chairman of Laser Digital. Switzerland was chosen for the country’s established and “robust regulatory system,” according to a Nomura press release.
“Being at the forefront of digital innovation is a key priority for Nomura,” Kentaro Okuda, president and CEO of the investment bank, said on Wednesday. [on] “Digital Assets”.
Nomura’s latest offering follows Nasdaq’s announcement of a new crypto hedge fund on Tuesday. Additionally, before Nomura and Nasdaq’s announcements, Fidelity Digital Assets, Citadel Securities and Charles Schwab Corp. They have announced a collaborative effort to launch a crypto exchange that caters to retail and institutional clients. The three financial firms are calling the exchange EDX Markets (EDXM), and former Citadel Securities executive Jameel Nazarali has been named CEO of the trading platform.
Japanese financial giant Nomura detailed on Wednesday that the first product Laser Digital plans to launch is a venture capital (VC) arm called Laser Venture Capital. “[The new unit] It invests in companies in the digital ecosystem with a focus on decentralized finance (defi), centralized finance (cefi), Web3 and blockchain infrastructure.
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