Japanese banking giant Nomura launches digital ecosystem VC arm

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Nomura, one of the largest investment banks in Japan, has established a venture capital arm focused on investing in crypto and blockchain companies.

In an announcement on Wednesday, Nomura said the company, called Laser Digital, will provide “new value in digital assets” for customers under the Swiss-based holding company Laser Digital Holdings AG. The investment bank said it chose Switzerland based on its “robust regulatory regime for digital assets and blockchain projects”, in addition to its potential recruiting talent.

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“Staying at the forefront of digital innovation is a top priority for Nomura,” said Nomura Holdings president and group CEO Kentaro Okuda.

Laser Digital’s venture capital product, Laser Venture Capital, will focus on investments including centralized finance, decentralized finance, Web3 and blockchain infrastructure. Laser Digital said it planned to announce additional products and services targeting secondary trading and investor products “in the coming months.”

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Related: Japan Considers Tax Reforms to Prevent Capital Flight of Crypto Startups

As one of the largest banks in Japan, Nomura Holdings had gross assets under management of $454.8 billion in June 2022 at current exchange rates with a historically weak yen. UKTN reported in May that Nomura planned to launch a crypto subsidiary focused on investments in crypto and non-replaceable tokens that would be based outside Japan with a board of directors staffed by Japanese transplants until it could acquire local talent. .

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