Japanese Banking Giant Nomura, Announces VC Arm In Digital Ecosystem.
Japan’s largest investment bank, Nomura, has announced the launch of a venture capital arm dedicated to investing in blockchain and cryptocurrency companies.
The Nomura Group is a global financial services company with integrated networks in over 30 countries and regions.
Through its three business divisions namely Retail, Wholesale (Global Markets and Investment Banking), and Investment Management, Nomura serves individuals, institutions, corporations, and governments by connecting markets east and west
New Digital Assets Called “Laser Digital”
According to Nomura’s announcement on Wednesday, Laser Digital will provide “new value in the area of digital assets” to clients under its Switzerland-based holding company Laser Digital Holdings AG.
According to the investment bank, Switzerland’s “robust regulatory regime for digital assets and blockchain projects” made it an attractive location for recruiting talent.
In addition, Laser Digital will be led by Steven Ashley as Chairman and Jez Mohideen.
“Staying at the forefront of digital innovation is a key priority for Nomura. This is why, alongside our efforts to diversify our business, we announced earlier this year that Nomura would be setting up a new subsidiary focused on digital assets . We look forward to sustainable growth in this new business under the leadership of Steven and Jez,“ said the presidents and Group CEO of Nomura Holdings, Kentaro Okuda.
The New VC Focuses on Investment
The Laser Venture Capital product, Laser Digital, will focus on centralized and decentralized finance, as well as Web3 and blockchain infrastructure investments.
It plans to announce additional products and services aimed at secondary trading and investors “over the coming months.”
In June 2022, Nomura Holdings was one of the largest banks in Japan, with gross assets under management of $454.8 billion at a historically weak yen exchange rate.According to Cointelegraph, Nomura plans to launch a crypto subsidiary outside of Japan with a board of directors made up of Japanese transplants until it can hire local talent.