The financial corporation Nomura Holdings has formed a new Laser Digital business line to help clients earn from the crypto industry and investments in digital assets.
The customers of the Swiss subsidiary Laser Digital Holdings should become the consumers of the services. A Japanese bank has announced that it has chosen Switzerland because of its “robust regulatory regime for digital assets and blockchain projects.”
The Swiss company will focus on venture investments, including centralized (CeFi) and decentralized financing (DeFi), as well as the development of Web3 infrastructure and the introduction of blockchain technology. Laser Digital plans to announce new services and product lines as the business rolls out in phases.
“Staying at the forefront of digital innovation is a key priority for Nomura Holdings. Nomura’s experience in the institutional investor business, access to finance and a global database will provide Laser Digital clients with new digital asset value,” explained Nomura President and CEO Kentaro Okuda.
As of the end of June, Nomura had over $454 billion in assets under management.
The announcement of the project to open a subsidiary cryptocurrency company outside of Japan was announced by Nomura Bank back in May. The development of a new direction is explained by the need to maintain a high level of competitiveness of a financial institution. The team of the subsidiary unit will be about 100 people.
In 2020, the Japanese IT giant Nomura Holdings, together with the cryptocurrency hardware wallet manufacturer Ledger and CoinShares, launched the Komainu custody service for digital assets.
Source: Bits
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