JAKARTA - Nomura, one of Japan's largest investment banks, has formed a venture capital branch aimed at investing in crypto-focused companies and blockchain.
In Wednesday's announcement, September 21, Nomura said the business, named Laser Digital, would "provide new value in the field of digital assets" for clients under Swiss-based parent company Laser Digital Holdings AG.
The investment bank said it opted for Switzerland based on a strong regulatory regime for digital assets and blockchain projects in addition to potentially recruiting talent.
"Still at the forefront of digital innovation is a top priority for Nomura," said group president and CEO Nomura Holdings Kentaro Okuda, as quoted by Cointelegraph.
Digital Laser Venture Capital venture capital products, Laser Venture Capital, will focus on investment including centralized finance, decentralized finance, Web3 and blockchain infrastructure.
Laser Digital said it plans to announce additional products and services "for the coming months" aimed at secondary trading and investor products.
As one of Japan's largest banks, Nomura Holdings is reported to have a gross US$454.8 billion asset managed in June 2022 with the current exchange rate with a weak historical yen.
Cointelegraph reported in May that Nomura plans to launch a crypto subsidiary aimed at investing in crypto and non-exchangeable tokens that will be based outside Japan with a board of directors managed by Japan's transplants to gain local talent.
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