Friday, March 31, 2023
Thursday, March 30, 2023
Wednesday, March 29, 2023
Tuesday, March 28, 2023
Monday, March 27, 2023
Sunday, March 26, 2023
Saturday, March 25, 2023
Friday, March 24, 2023
Thursday, March 23, 2023
Wednesday, March 22, 2023
Tuesday, March 21, 2023
Monday, March 20, 2023
Sunday, March 19, 2023
Saturday, March 18, 2023
Friday, March 17, 2023
Thursday, March 16, 2023
Wednesday, March 15, 2023
Tuesday, March 14, 2023
Monday, March 13, 2023
Sunday, March 12, 2023
Saturday, March 11, 2023
Friday, March 10, 2023
Thursday, March 9, 2023
Wednesday, March 8, 2023
Tuesday, March 7, 2023
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol
Japan-based banking giant Nomura, announced today that its digital assets subsidiary, Laser Digital, has made a strategic investment in Infinity, a non-custodial interest rate protocol built on Ethereum.
Infinity’s wholesale exchange, the first of several planned infrastructures, provides inter-exchange clearing, fixed and floating rate markets, as well as enterprise-grade risk management utilizing hybrid on-chain/off-chain infrastructures that deliver transaction efficiency, security, and scalability.
Infinity is a pioneering interest rate protocol that forms the basis for benchmark rates, institutional-grade lending, borrowing, and risk management in DeFi. The money market exchange protocol was founded by ex-Morgan Stanley Head of Structuring, Kevin Lepsoe.
“Infinity is building critical infrastructure for DeFi, and its protocol enabling price discovery and management of risk within DeFi is transformative for institutions, Infinity’s groundwork paves the way for institutional flows on-chain, new levels of rates, and risk innovation, and we are keen to support their advances in the hybrid finance space.”
– Olivier Dang, Head of Ventures at Laser Digital
Laser Digital was recently unveiled by Nomura to spearhead its digital asset ambitions and is chaired by Steve Ashley, who previously led Nomura’s wholesale division, with Dr. Jez Mohideen as its CEO. Headquartered in Switzerland, Laser Digital’s investments are focused on DeFi, centralized finance (CeFi), web3, and blockchain infrastructure.
The investment comes as the Bank of International Settlements (BIS) published guidelines for crypto exposures in December 2022, with bank-prescribed risk weightings for tokenized assets to be treated on par 1:1 with their analog counterparts. The guidelines for banks come into effect on 1 January 2025.
With USD $300 trillion of credit securities outstanding and multiples of that in the loan, derivative, and equity markets, the new guidelines portend a major wave of tokenization across financial and real assets.
Presently in Beta, the Inifinity mainnet is scheduled to launch by the end of Q2 2023.
The post Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol appeared first on CryptoNinjas.
* This article was originally published here
Monday, March 6, 2023
Sunday, March 5, 2023
Saturday, March 4, 2023
Thursday, March 2, 2023
Subscribe to:
Posts (Atom)
Dogecoin Flaw Exploited, Hacker Crashes 69% of Active Nodes
On December 12, 2024, the Dogecoin network was exploited when an “ethical” hacker uncovered a critical flaw. This exploit brought down a sta...
