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.

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