Nomura's Laser Digital Injects Fresh Funds Into Web3 Incubator Supported by Alan Howard
Laser Digital, the Swiss digital asset subsidiary of the renowned Japanese financial services giant Nomura, has recently invested in Webn, an incubator backed by Alan Howard.
Webn primarily focuses on nurturing firms that serve institutional digital assets and Web3.
Alan Howard, co-founder and former CEO of Brevan Howard, has been a significant stakeholder in Webn, holding over 75% ownership in the enterprise since its inception.
This strategic investment is part of their joint effort to expand cryptocurrency-related services within well-established financial institutions.
Additionally, Howard is an investor in Komainu, a digital asset custody firm co-founded by Nomura, along with esteemed partners, crypto security firm Ledger, and CoinShares.
These strategic collaborations are set to fortify and diversify the cryptocurrency service landscape in the financial market, offering new possibilities for growth and advancement.
Today's announcement disclosed that Jez Mohideen, Chief Executive Officer of Laser Digital, will be a non-executive director on the board of Webn as part of their collaborative partnership.
However, specific details regarding the investment size should have been disclosed by either Laser Digital or Webn.
Regarding its mission, the startup intends to "build a bridge between blockchain technology and institutional finance."
During an exclusive interview with The Block, Himanshu Panwar, CEO of Webn Group UK, shared the company's vision of incubating startups focusing on integrating crypto technologies into traditional financial services.
Himanshu Panwar, stated, "Webn's ambition aligns with Laser Digital's commitment to addressing the challenges currently faced by institutional investors engaging with digital
Read more on cryptonews.com
