In a press releaseNomura, a Japanese financial holding company, has unveiled the establishment of its own digital asset company “Laser Digital” and further announced the establishment of a holding company under the name “Laser Digital Holdings”, which will operate from Switzerland.
Discussing the company’s focus on digital assets, Kentaro Okuda, President and CEO of Nomura Group, said: “Staying at the forefront of digital innovation is a key priority for Nomura. For this reason, along with our efforts to diversify our business, we announced earlier this year that Nomura would establish a company A new subsidiary focused on digital assets.”
One of the largest and most established investment banks in Japan, Nomura explained that Switzerland was chosen for the operation because of its “strong regulatory regime for digital assets and blockchain projects, and an attractive talent pool.”
Switzerland is considered a crypto-friendly country, since its legislation classifies cryptocurrencies as assets, while Bitcoin is recognized as legal tender in some locations.
In the coming months, Nomura plans to announce new services and product lines through Laser Digital as it moves forward with a phased business launch.
The company intends to focus on three core areas: secondary trading, venture capital, and investor products.
The company also revealed that its first product to be launched will be Laser Venture Capital, which will invest in companies in the digital ecosystem, with a particular focus on decentralized finance (DeFi), centralized finance (CeFi), Web 3.0, and blockchain. Infrastructure.
Nomura is one of Japan’s largest investment banks – with a market share of assets under management (AuM), in public and private funds, twice the size of its largest competitor.