• Nomura’s Laser Digital has announced a strategic investment in decentralised finance (DeFi) protocol Infinity.
• Infinity is an Ethereum-based protocol designed to advance institutional DeFi or “Hybrid Finance” and provides price discovery and risk innovation for institutions.
• The companies did not disclose the financial terms but Laser Digital’s investment follows Infinity’s $4.2 million seed round in September 2022.
Nomura Invests in DeFi Protocol Infinity
Japanese banking giant Nomura’s crypto subsidiary Laser Digital has announced an investment in decentralized finance (DeFi) protocol Infinity. The purpose of the investment is to accelerate the development of critical infrastructure targeted for „Institutional DeFi“ or „Hybrid Finance“.
Infinity: What it is?
Infinity is an Ethereum-based protocol founded by Kevin Lepsoe, a former head of structuring at Morgan Stanley. It enables benchmark rates, credit and counterparty management within a single protocol. This interoperable system brings blockchain technology to the space with its innovative risk management capabilities and strives to bring more institutional players into the world of DeFi.
Investment Details
The companies did not disclose the financial terms of their deal, however Laser Digital’s investment follows Infinity’s successful $4.2 million seed round in September 2022 backed by top venture capital firms such as Susquehanna International Group, Block0, GSR, OWC, Flow Traders, and CSquared.
What Does this Mean?
This partnership will allow Infinity to further develop their product and expand its reach into institutional markets that are estimated at $300 trillion worth of credit securities across loans, derivatives and equity available on their platform going forward. Olivier Dang from Laser Digital Ventures believes that this development will be transformative for institutions as it will enable new levels of benchmark rates and risk management innovation through its groundbreaking infrastructure for DeFi applications.
Conclusion
The collaboration between Nomura’s Laser Digital Ventures with Infnity aims to bridge traditional finance with modern blockchain technology by providing price discovery and risk innovation for institutional players looking to enter into the world of Decentralized Finance (DeFi). With this strategic investment following up on their successful $4. 2million seed round from major investors earlier this year, we can only expect great things from Infnity going forward!
