all about cryptop referances
On Wednesday, Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry this year.
Japanese investment banking giant Nomura Holdings is entering the world of cryptoassets, and in the coming months the new venture will unveil a number of “new services and product lines.” Nomura is one of the largest investment banks in Japan and one of the oldest in the country. The investment company was established 97 years ago in Osaka in 1925 as Nomura Securities.
The new Laser Digital Holdings is a Swiss-incorporated holding company that aims to establish three vertical product offerings, including secondary trading, venture capital and investor products. The new venture will be led by Jez Mohideen as CEO and Steven Ashley as Laser Digital’s chairman. Switzerland was chosen for the country’s established and “robust regulatory regime,” Nomura’s press release reveals.
“Staying at the forefront of digital innovation is a key priority for Nomura,” the investment bank’s president and CEO Kentaro Okuda said Wednesday. “This is why, along with our efforts to diversify our business, we announced earlier this year that Nomura would establish a new subsidiary focused on [on] digital assets.”
Nomura’s latest offering follows Nasdaq’s new crypto depository venture announced on Tuesday. Furthermore, prior to Nomura and Nasdaq’s announcements, Fidelity Digital Assets, Citadel Securities and Charles Schwab Corp. a collaboration with plans to launch a crypto exchange that will handle both retail and institutional customers. The three financial companies call the exchange EDX Markets (EDXM), and former Citadel Securities CEO Jamil Nazarali was named the trading platform’s CEO.
Japanese financial giant Nomura said on Wednesday that the first product Laser Digital plans to drop is a venture capital (VC) unit called Laser Venture Capital. “[The new unit] will invest in companies in the digital ecosystem, with a focus on decentralized finance (defi), centralized finance (cefi), Web3 and blockchain infrastructure,” concludes Nomura’s press release.
What do you think about Nomura Holdings entering the world of crypto assets? Let us know what you think about this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Editorial image credit: VTT Studio / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
