Nomura Securities’ Encryption Subsidiary Makes Strategic Investment in Infinity Exchange
It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity …
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 Japan’s most prominent financial services giants, has been making headlines in the cryptocurrency space as its encryption subsidiary, Laser Digital, is said to have invested in the DeFi protocol Infinity Exchange. This strategic investment by Nomura Securities’ Laser Digital has created ripples in the DeFi market as the protocol is one of the early adopters of the ever-growing DeFi trend.
Infinity Exchange is a decentralized exchange built to facilitate trading in a more secure and efficient manner. It allows users to trade various digital assets including cryptocurrencies, non-fungible tokens (NFTs), and others. The protocol differs from centralized exchanges by utilizing a peer-to-peer (P2P) trading mechanism that operates on a blockchain network. This P2P model ensures that users have complete control over their digital assets while trading, without the need for intermediaries to facilitate transactions.
This investment is vital for the growth and further development of Infinity Exchange, as it will provide the necessary resources and support for the team to continue to innovate and improve the protocol. Laser Digital is expected to provide significant insights on this investment, given its deep understanding of encryption technology and its application.
Infinity Exchange raised $4.2 million last September in seed round funding from investors such as GSR and Flow Traders. This recent investment by Laser Digital could significantly enhance the value of Infinity Exchange and increase its adoption through Nomura Securities’ extensive network of clients and partnerships.
In conclusion, this investment by Nomura Securities’ Laser Digital in Infinity Exchange highlights the financial service giant’s interest in the cryptocurrency space and the potential that DeFi protocols have for disrupting traditional finance. This strategic investment could position Infinity Exchange as a significant player in the DeFi space, offering secure and efficient trading for digital assets.
Overall, this development is an exciting sign of the growing interest in cryptocurrencies in the traditional finance industry and is a positive indication of the future of DeFi protocols.
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