Crypto News

Banking giant with nearly $450 billion in assets under management launches crypto venture capital arm

A Japanese banking giant is venturing into the world of digital assets by launching its own crypto-focused venture capitalist.
According to a recent company press release, Nomura Holdings, which has nearly $450 billion in assets under management, announced today that Laser Digital will serve as its new crypto business.

According to Nomura Holdings, the first product to be launched will be Laser Venture Capital, which in Blockchain-Companies with a focus on decentralized finance (DeFi), centralized financing (CeFi) and Web3 technologies.

Laser Digital, which was founded in Switzerland, also plans to offer secondary trading servers and investment products, according to the press release.

As Kentaro Okuda, CEO of Nomura Holdings said,

“Staying at the forefront of digital innovation is a top priority for Nomura. That’s why, alongside our efforts to diversify our business, earlier this year we announced that Nomura would establish a new subsidiary [focused] on digital assets.”

In May, Andreessen Horowitz (a16z), another venture capital firm, launched a $4.5 billion digital asset fund as crypto markets slipped into a winter.

Andreessen Horowitz, who has over $28 billion in assets under management, said he launched the fund as the world enters the golden age of Web3 development.

“We believe that blockchains will power the next great computing cycle that we call crypto or web3… We believe that we are now entering the golden era of web 3.0. Programmable blockchains are advanced enough and a variety of apps have reached tens of millions of users.”

About a week earlier, a16z launched a metaverse-focused crypto fund, saying that over the past decade, video games have evolved into social media-like networks leveraging digital assets.

Featured Image: Shutterstock/mim.girl/Nikelser Kate

Source: Crypto News Deutsch

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