On Wednesday, Japanese financial holding company and core member of Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move comes on the heels of a number of financial giants entering the cryptocurrency industry this year.
Nomura launches digital laser collectibles
Investment banking giant from Japan, Nomura Holdings, is stepping into the realm of crypto assets and in the coming months the new venture will unveil a slew 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 firm established itself 97 years ago in Osaka in 1925 under the name Nomura Securities.
The new Laser Digital Holdings is a holding company incorporated in Switzerland that aims to create three vertical product offerings including secondary trade, venture capital and investor products. The new venture will be led by Jez Mohieldin as CEO and Stephen Ashley as Chairman of Laser Digital. Switzerland was chosen because of its well-established and strong regulatory system, Nomura press release reveal.
“Staying at the forefront of digital innovation is a key priority for Nomura,” said Kentaro Okuda, the investment bank’s president and CEO, on Wednesday. “That 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 comes on the heels of Nasdaq’s new crypto custody project announced Tuesday. Furthermore, prior to the Nomura and Nasdaq announcements, Fidelity Digital Assets, Citadel Securities, and Charles Schwab Corp. announced a collaborative effort with plans to launch a crypto exchange dealing with retail and institutional clients. The three financial companies contact the stock exchange EDX Markets (EDXM)and former CEO of Citadel Securities, Jamil Nazarali, CEO of the trading platform.
Japanese giant Nomura reported Wednesday that the first product Laser Digital plans to drop is a venture capital (VC) unit called Laser Venture Capital. “[The new unit] You will invest in companies in the digital ecosystem, with a focus on decentralized finance (defi), central finance (cefi), Web3, and blockchain infrastructure.
What do you think about the entry of Nomura Holdings into the world of crypto assets? Tell us what you think about it in the comments section below.
photo credits: 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 a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, 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 any content, goods or services mentioned in this article.
#Japanese #Heavyweight #Nomura #Bank #Launches #CryptoFocused #Venture #Capital #Arm #Bitcoin #Finance #News