Nomura's subsidiary, Laser Digital, which specialises in digital assets, has made an important investment in Infiniti Exchange, an institutional-level start-up working with decentralised finance (DeFi) protocols.
So far, no details of the agreement or the price of the project have been disclosed. Founded by a former Morgan Stanley employee, Infiniti Exchange is a combination of blockchain-based settlement and traditional financial processes (TradFi) and risk management. They focus on providing institutional investors with fixed-rate markets, floating-rate markets, and cryptocurrency yield curves.
Olivier Dang, head of venture capital at Laser Digital, noted that there is a growing trend towards combining DeFi crypto infrastructure and TradFi solutions to tokenise assets such as loans and form new markets based on Blockchain technology.
The news comes after Infiniti's success in a $4.2 million seed funding round, which involved venture capital firms such as CMS, GSR and Susquehanna. Nomura started trading cryptocurrency derivatives back in 2022, while Laser Digital was created later to manage investments and transactions with digital assets.
Clearpool has announced the upcoming launch of its own institutional-level platform in 2023, while Maple Finance recently launched an institutional-level tax receivables lending pool.