FTX Collapse Could Boost “Trust” In Nomura Exec Crypto Ecosystem

[ad_1]

The winds of crypto winter may still be blowing, but that doesn’t seem to be stopping venture capitalists from piling into cryptocurrencies. In fact, recent bear market-influenced events, such as the collapse of FTX, could bring “greater confidence in the ecosystem,” according to Jez Mohideen, co-founder and CEO of Laser Digital, the arm of Recently launched digital assets from Asian giant Nomura Holdings.

“More traditional players are entering the space who can help regulate the industry. This means players who understand regulation as well as the importance of aggregation, stability and client execution,” explained Mohideen, a longtime player in the venture capital industry. and former director of Barclays and partner at hedge fund Brevan Howard.

Laser Digital Ventures’ current portfolio includes crypto exchange Bullish, decentralized exchange protocol Orderly Network, and hybrid custodian for institutional investor Komainu, among other companies working on decentralized finance (DeFi) structured products and solutions. on fixed income. In 2023, he said the company plans to invest in nearly 20 projects.

Related: 2023 Could Be a Tough Year for Crypto Venture Investments: Galaxy Research

Among the main funding areas targeted by Laser Digital are startups providing solutions to institutional investors, a market that has been growing steadily in recent times. Over the past year, 62% of institutional investors have increased their crypto allocations, according to a Coinbase survey.

“The lack of adequate infrastructure solutions has created a significant bottleneck for crypto-savvy institutions which we want to help address this bottleneck issue,” the executive said. In web3, the company is particularly keen to work on infrastructure solutions that will accelerate institutional adoption of cryptocurrency, including DeFi.

For crypto businesses looking to raise capital amid falling crypto prices, solving real problems will be essential. Laser Digital’s investment thesis focuses on projects that are “innovative and have clear metrics on how they will get there,” Mohideen explained. He added that:

“Web3 and Metaverse platforms are expected to be a major growth area over the next few years. Additionally, Web2 services, such as social media, streaming entertainment and games, should see huge benefits if they embrace Web3 technology and governance.”

As one of Japan’s largest banks, Nomura Holdings had $470 billion in assets under management at the end of 2022. Last year, the company also announced plans to launch a crypto subsidiary aimed at to invest in crypto and non-fungible tokens.

[ad_2]