Banking Giant With Nearly $450,000,000,000 in Assets Under Management Launches Crypto Venture Capital Arm cryptomarketbag Blockchain update

A Japanese banking giant is entering the world of digital assets by launching its own crypto-focused venture capitalist arm.

According to a recent company Press releaseNomura Holdings, which has approximately $450 billion in assets under management, today announced that Ledger Digital will operate as its new crypto business.

Nomura Holdings says the first product to launch will be Ledger Venture Capital, which will invest in blockchain firms focusing on decentralized finance (DeFi), centralized finance (CEFI) and Web3 technologies.

According to the press release, Ledger Digital, which is incorporated in Switzerland, plans to offer secondary trading servers as well as investment products.

Kentaro Okuda, CEO of Nomura Holdings said,

“Staying at the forefront of digital innovation is a key priority for Nomura. That is why, along with our efforts to diversify our business, we announced earlier this year that Nomura would be establishing a new subsidiary. [focused] on digital assets. ,

In May, another venture capital firm Andreessen Horowitz (a16z) launched a $4.5 billion digital asset fund, as the crypto market slipped into winter.

Andreessen Horowitz, who has more than $28 billion in assets under management, said he launched the fund as the world enters a golden age of Web3 development.

“We believe that blockchain will power the next major computing cycle, which we call crypto or Web 3… We think we are now entering the golden age of Web 3.0. Programmable blockchains are sufficiently advanced and a wide variety of apps have reached millions of users.”

About a week before that, a16z launched a Metaverse-focused crypto fund, saying video games have evolved over the past decade into social media-like networks that use digital assets.

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