Nomura Securities’ Encryption Subsidiary Invests in DeFi Protocol Infinity Exchange

02/15/2023 09:11 • Metaverse & Beyond • 69 views

It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity Exchange. Last September, Infinity obtained $4.2 million of investment in seed round financing, including GSR and Flow Traders.

DeFi agreement Infinity Exchange gains Laser Digital investment

Interpretation of the news:

Nomura Securities, one of the largest financial services companies in Japan, made headlines recently after its encryption subsidiary, Laser Digital, invested in the decentralized finance (DeFi) protocol Infinity Exchange. The investment follows Infinity Exchange’s successful seed round financing, which saw the company raise $4.2 million from investors including GSR and Flow Traders.

The move by Nomura Securities highlights the growing interest in DeFi protocols by traditional financial institutions. DeFi refers to a range of financial services that operate on a decentralized blockchain network, allowing for faster, cheaper, and more secure transactions without the need for intermediaries such as banks. While still in its early stages, DeFi has gained a lot of attention from investors and entrepreneurs in recent years, with several new protocols launching and attracting significant investment.

Nomura Securities’ investment in Infinity Exchange is significant for several reasons. First, it shows that even large, traditional financial institutions are starting to recognize the potential of DeFi protocols. As decentralized networks continue to grow and gain more users, it’s likely that more such institutions will start investing in the space.

Second, the investment by Nomura Securities shows that the DeFi industry is maturing and becoming more established. In the early days of DeFi, many protocols struggled to attract investment or secure funding. However, as the technology has developed and DeFi protocols have proven their value, more investors are starting to take notice.

Finally, the investment by Nomura Securities highlights the potential of Infinity Exchange as a DeFi protocol. With funding from some of the industry’s biggest players, including Nomura Securities, GSR, and Flow Traders, the protocol is well-positioned to continue its growth and development.

In summary, Nomura Securities’ investment in DeFi protocol Infinity Exchange is a significant development for both the DeFi industry and the wider financial services sector. As more traditional financial institutions recognize the potential of DeFi, it’s likely that we will see more investments and partnerships in the space.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/595.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Nomura Securities’ Encryption Subsidiary Invests in DeFi Protocol Infinity Exchange

DeFi agreement Infinity Exchange gains Laser Digital investment

Related recommendations