Nomura's digital asset arm Laser Digital invests in WebN incubator
Summary
The startup says it wants to build a bridge between blockchain technology and institutional finance.Webns ambition aligns with Laser Digitals commitment to addressing the challenges currently faced by institutional investors who are engaging with digital assets, said Himanshu Panwar, CEO, Webn Group UK. With this investment, we look forward to co-building businesses with Laser Digital that meet a real market need for institutions and combine high standards of risk management and compliance with institutional-grade technology products.Webn is currently incubating three firms. One of them is Twinstake, an institutional grade crypto staking provider which announced a collaboration with Komainu last week. Hence, both Twinstake and TruFin require all participants to go through KYC to avoid institutions commingling funds with undesirables.The third Webn company is Geometry which helps build math and cryptography oriented firms and protocols such as those deploying zero knowledge proofs.For Laser Digital, this is at least the fifth investment this year. Last month it acquired Elysium, an established provider of post trade solutions for over-the-counter FX markets and, more recently, digital assets.