cryptocurrency

Japanese investment bank Nomura launches crypto investment arm

  • Jez Mohieldin will assume the position of Chief Executive Officer (CEO).
  • Nomura Securities, the investing company, was founded in Osaka in 1925.

The Nomura HoldingsA giant in the Japanese investment banking industry has announced its entry into the cryptocurrency market. With a wave of “new services and product lines” expected to debut over the next several months. Nomura is not only one of Japan’s oldest banks but also one of its largest investment banks. Nomura Securities, the investing company, was founded in Osaka in 1925.

Rise in crypto adoption

Established as a holding company in Switzerland, Laser Digital Holdings plans to provide secondary business, venture capital and solutions to investors. Jez Mohieldin will assume the position of Chief Executive Officer (CEO). Stephen Ashley will serve as Chairman of Laser Digital’s board of directors. Switzerland’s “strict regulatory regime” was a major factor in the company’s decision to base there, according to a news release from Nomura.

Nomura, the Japanese financial powerhouse, said Wednesday that Laser Digital will discontinue its Laser Venture Capital VC division first.

Nomura head and CEO Kentaro Okuda advertiser:

“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 will establish a new subsidiary focused on [on] digital assets”.

This latest offering from Nomura comes on the heels of Nasdaq’s new custodianship project for cryptocurrency, which was launched on Tuesday. additional, Fidelity digital assetsAnd the Citadel Securities Brokerage, and Charles Schwab Corp. A joint endeavor with aspirations to build a cryptocurrency exchange that will transact with retail and institutional clients ahead of Nomura and Nasdaq’s announcement. The three banks have partnered to create a new exchange called EDX Markets (EDXM), and have appointed former Citadel Securities CEO Jamil Nazarali to lead the new trading platform.

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