Laser Digital, cryptocurrency subsidiary of Japan’s banking behemoth Nomura, will launch an institutional trading platform by the first quarter of 2023. Nomura is Japan’s largest brokerage and investment bank.
Laser Digital’s trading platform will target institutional clients, family offices, high-net-worth individuals, and hedge funds investing in the bitcoin and cryptocurrency space as the company intends to bridge a gap between institutional interest and the broader crypto ecosystem.
Currently, it is in the process of increasing staff base to boost its suite of offerings. Laser Digital will increase staff to 55 in the next three months. The 45% plus increase in the workforce will bolster the Bitcoin and cryptocurrency services and eventually step into VC investing arena in the sector.
Laser Digital’s staff hike will happen in the Swiss headquarters, followed by Dubai and London where new centers are coming up. After strengthening global staffing operations the operations in Japan will start.
CEO Jez Mohideen said the initial idea of creating a separate unit for bitcoin and cryptocurrencies had faced resistance from Nomura’s management team.
Mohideen noted that the team has acquired deep skills in the area of quant, electronic-trading platform build-up plus rigorous risk management skill sets as core strengths.
The CEO added this sort of skill set is invaluable for the institutionalization of digital assets as everybody is waiting for institutions to come into the crypto ecosystem in a big way.
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