A Japanese banking giant is venturing into the world of digital assets by launching its very own crypto-focused venture capitalist arm.
According to a recent company press release, Nomura Holdings, which has nearly $450 billion in assets under management, today announced that Laser Digital will serve as its new crypto business.
Nomura Holdings says the first product to launch will be Laser Venture Capital, which will invest in blockchain firms with a focus on decentralized finance (DeFi), centralized finance (CeFi), and Web3 technologies.
Laser Digital, which has been incorporated in Switzerland, also plans to offer secondary trading servers as well as investment products, according to the press release.
As stated by Kentaro Okuda, CEO of Nomura Holdings,
“Staying at the forefront of digital innovation