1. SipPop GamesHome
  2. Tech Ticker

Nomura’s Laser Digital Invests in Infinity Exchange DeFi Protocol

• Tech Ticker • 138 views

It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity …

Nomuras Laser Digital Invests in Infinity Exchange DeFi Protocol

It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity Exchange. Last September, Infinity obtained $4.2 million of investment in seed round financing, including GSR and Flow Traders.

DeFi agreement Infinity Exchange gains Laser Digital investment

Interpret the above information:


Nomura Securities, a renowned Japanese financial services company, has reportedly invested in the DeFi (decentralized finance) protocol, Infinity Exchange. The investment was made by the company’s encryption subsidiary, Laser Digital. The amount of investment made by Laser Digital in Infinity Exchange is not yet known, but it is a significant move in the DeFi space given Nomura’s stature as a financial institution.

Infinity Exchange is a DeFi ecosystem that provides access to synthetic assets on the blockchain. Synthetics are digital assets that are created by combining different financial assets. Infinity Exchange allows users to trade different types of synthetic assets, such as stocks, commodities, and even cryptocurrencies, without the need for intermediaries or traditional financial institutions.

Last September, Infinity Exchange raised $4.2 million in seed round financing from investors such as GSR and Flow Traders. The company plans to use the funds to improve the platform’s features and expand its user base. The addition of Nomura Securities to its list of investors marks a significant turning point in its growth trajectory.

The investment by Laser Digital in Infinity Exchange suggests that Nomura is bullish on the potential of DeFi as a disruptive force in the financial industry. The DeFi space has grown rapidly in recent years, with the total value locked in DeFi protocols now exceeding $40 billion. DeFi promises to democratize finance by eliminating intermediaries and creating a more transparent and inclusive financial system. Nomura’s investment in the sector indicates that traditional financial institutions are beginning to recognize the potential of DeFi and are keen to join the bandwagon.

In conclusion, Nomura Securities’ investment in Infinity Exchange through Laser Digital is a major development in the DeFi space. It underscores the growing interest of traditional financial institutions in the potential of DeFi to transform the financial landscape. Laser Digital’s investment in Infinity Exchange is likely to give a boost to the DeFi ecosystem and will help the company expand its reach and offerings.

Keywords:

– Laser Digital: Nomura Securities’ encryption subsidiary that invested in Infinity Exchange
– Investment: Nomura Securities invested in the DeFi protocol Infinity Exchange
– DeFi Protocol: Infinity Exchange is a platform that provides access to synthetic assets on the blockchain.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/574.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/15/2023 09:06
Next 02/15/2023 09:12

Related recommendations