As some of the world’s largest investment firms spend more money sponsoring cryptocurrency projects, institutional interest in cryptocurrencies continues to grow at an unprecedented rate.
The newly formed division, known as Laser Venture Capital, will focus on funding initiatives in the Web3, centralized finance (CeFi), decentralized finance (DeFi) and blockchain infrastructure sectors of the cryptocurrency market.
One of Japan’s largest investment banks, Nomura Holdings, is the latest company to enter the cryptocurrency market by launching a new venture capital business that would focus on digital assets.
The inaugural offering from Laser Digital, Nomura’s brand new digital assets company, will be Laser Venture Capital. The bank has two more product launches planned for investor products and secondary trading.
According to reports, billionaire Adrian Cheng’s venture capital firm C Ventures intends to launch a new $200 million fund in Hong Kong just to invest in the cryptocurrency sector.
Laser Digital will offer institutional clients and investors goods and services related to cryptocurrencies, stablecoins, DeFi, NFTs and other tokens, according to Nomura, which originally announced its ambitions to create the entity in May. Laser Digital Holdings AG, the bank’s holding company for its cryptocurrency operations, was founded in Switzerland.
C Ventures has invested in Animoca Brands, RTFKT Studios and Matrixport, among others. According to Cheng, the company’s hedge fund strategy focuses primarily on cryptocurrency trading and has turned down proposals from angel funds or startups due to their high valuations and limited benefits.
In addition to the new cryptocurrency fund, C Ventures will invest $300 million in private equity and private credit strategies over the next 18 months.
By entering the market when prices are at their lowest in more than a year, C Ventures appears to be adhering to Warren Buffett’s maxim of “fear when others are greedy, and greedy when others are fearful.” Ben Cheng stated, “We’re on offense when people are on defense. He went on to say that traditionally such an attitude “will produce the best result” and that he expects a recovery in another 6 to 9 months.
Cheng claims that the value of the company’s current cryptocurrency investments has increased by 40% in the first half of this year after doubling last year.
Summary of the news:
- Despite fluctuating prices, institutional interest in cryptocurrencies continues to grow
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