Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm

Japanese Heavyweight Nomura Bank Launches Crypto-Focused Venture Capital Arm – Bitcoin Finance News

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.

Tags in this story

Blockchain Infrastructure, Cefi, Charles Schwab Corp., Citadel Securities, DeFi, EDX Markets (EDXM), Fidelity Digital Assets, Investment Bank, Japanese Investment Bank, Kentaro Okuda, Laser Digital, Laser Venture Capital, Nomura, Nomura Holdings, Web3

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.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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