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A significant participant in Japanese investment banking, Nomura Holdings, is joining the market for virtual assets and will roll out a number of new services and product lines in the coming months.
According to a news statement issued by Nomura yesterday, the banking institution gave its new digital assets division, Laser Digital, the name Laser Digital and established Laser Digital Holdings AG as its holding company in Switzerland.
Nomura stated that Switzerland was selected as the new company's headquarters because it is a well-known location with a strict regulatory framework for digital assets and blockchain initiatives, as well as an appealing talent pool.
Laser Digital will be led by Steven Ashley as Chairman and Jez Mohideen as CEO. The firm will concentrate on three product lines in the upcoming months: Secondary Trading, Venture Capital and Investor Products.
Laser Venture Capital will be the first product to launch, investing in companies within the digital ecosystem with a focus on Decentralized Finance (DeFi), Centralized Finance (CeFi), Web3, and Blockchain architecture.
Speaking on the subject, Kentaro Okuda, CEO of Nomura Holdings, stated that Nomura's main objective is to continue to be a leader in digital innovation. This is the reason we announced earlier this year that Nomura will establish a new company devoted to digital assets along with our attempts to diversify our business. Nomura is a multinational financial services company with a network that spans over 30 different nations and regions. Through its three business divisions, Nomura serves the requirements of people, organizations, and governments by bridging the East and West markets. The business has been around for 97 years.
Previously, proposals to create a cryptocurrency exchange that will cater to both retail and institutional clients were also worked on by Fidelity Digital Assets, Citadel Securities, and Charles Schwab Corp.
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