Nomura, one of the largest investment banks in Japan, has created a venture capital arm aimed at investing in companies focused on cryptocurrencies and Blockchain technology.
In a Wednesday announcement, Nomura said the business, called Laser Digital, will “provide new value in the area of digital assets” for clients under Switzerland-based holding company Laser Digital Holdings AG. The investment bank said it chose Switzerland based on its “robust regulatory regime for digital assets and blockchain projects,” as well as potential talent recruitment.
“Staying at the forefront of digital innovation is a key priority for Nomura,” Nomura Holdings Group Chairman and CEO Kentaro Okuda said.
Laser Digital’s venture capital product, Laser Venture Capital, will focus on investments including centralized finance, decentralized finance, Web 3.0 and blockchain infrastructure. Laser Digital said it planned to announce other products and services “in the coming months” aimed at secondary trading and investor products.
As one of the largest banks in Japan, Nomura Holdings had $454.8 billion in gross assets under management as of June 2022 at current exchange rates with a historically weak yen. Cointelegraph reported in May that Nomura planned to launch a cryptocurrency subsidiary[aimedatinvestmentsincryptocurrenciesandnon-fungibletokensthatwouldbebasedoutsideofJapanwithaboardofdirectorsmadeupoftransplantedJapaneseuntilitcouldacquirelocaltalent[dirigidaalasinversionesencriptomonedasytokensnofungiblesquetendríasusedefueradeJapónconunajuntaadministrativaformadaporjaponesestrasplantadoshastaquepudieraadquirirtalentolocal
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