Japanese Banking Giant Nomura Opens Swiss Crypto Subsidiary
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In the press releaseNomura, a Japanese financial holding company, revealed the foundation of its digital asset business “Laser Digital” and also announced the establishment of a holding vehicle called “Laser Digital Holdings” that will operate from Switzerland.
Discussing the company’s emphasis on digital resources, Nomura Group CEO Kentaro Okuda stated: “Staying at the forefront of digital innovation is a key priority for Nomura. That’s why, in addition to diversifying our business, we announced earlier this year that Nomura will be establishing a new subsidiary focused on digital resources.
Nomura, one of Japan’s largest and most established venture banks, explained that Switzerland was chosen for the operation because of its “robust regulatory regime for digital assets and blockchain projects and attractive talent pool.”
Switzerland is considered a crypto-friendly country because its legislation classifies cryptocurrencies as assets, while Bitcoin is recognized as legal tender in some places.
In the coming months, Nomura plans to announce new services and product lines through Laser Digital as it moves forward with the phased launch of the business.
The company plans to focus on three core areas: secondary trading, venture capital and investor products.
The company has also revealed that its first product to be launched is Laser Venture Capital, which invests in companies in the digital ecosystem with particular emphasis on decentralized finance (DeFi), centralized finance (CeFi), Web 3.0 and blockchain. infrastructure.
Nomura is one of Japan’s largest venture banks – its market share of assets under management (AuM) in public and private funds is almost twice that of its biggest competitors.