A Japanese banking giant is venturing into the world of digital assets by launching its own crypto-focused venture capital arm.

According to a recent company Press releaseNomura Holdings, which manages nearly $450 billion in assets, today announced that Laser Digital will serve as a new crypto business.

Nomura Holdings says the first product to launch will be Laser Venture Capital, which will invest in blockchain ventures with a focus on decentralized finance (DeFi), centralized finance (CeFi) and Web3 technologies.

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

As stated by Kentaro Okuda, CEO of Nomura Holdings,

“Staying at the forefront of digital innovation is a key priority for Nomura. This is why, in parallel with our efforts to diversify our activities, we announced at the beginning of the year the creation of a new subsidiary by Nomura. [focused] on digital assets.

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

Andreessen Horowitz, who manages more than $28 billion in assets, said he started the fund because the world is entering the golden age of Web3 development.

“We believe blockchains will power the next major computing cycle, which we call crypto or Web3… We believe we are now entering the golden age of Web 3.0. Programmable blockchains are advanced enough and a diverse range of applications have reached tens of millions of users.

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

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check price action

follow us on Twitter, Facebook and Telegram

Surf the Daily Hodl Mix

Check the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/mim.girl/Nikelser Kate