Laser Digital invests in fintech incubator

Laser Digital is the digital asset branch of financial services group Nomura

Webⁿ, an incubation hub for fintech and Web3 innovators, has announced an investment from Laser Digital, to strengthen its position in the institutional digital assets space.  

As part of the investment, Laser Digital’s chief executive officer, Jez Mohideen, will join the board of Webⁿ as a non-executive director.  

Founded in 2021, Webⁿ incubates businesses that bring digital assets and Web3 products and services to financial institutions.  

Its current public portfolio includes Geometry, a team that builds companies which use technology to advance the use of Web3, Trufin, a DeFi liquidity company, and Twinstake, a staking provider for digital assets.  

Laser Digital is the digital asset branch of financial services group Nomura. The Switzerland-based company recently acquired Elysium Technology Group, a specialist provider of post-trade solutions for OTC FX and digital assets.  

Himanshu Panwar, chief executive officer at Webⁿ Group UK, believes the latest investment from Laser Digital will help to address the challenges currently faced by institutional investors who are engaging with digital assets.  

Panwar said: “We look forward to co-building businesses with Laser Digital that meet a real market need for institutions and combine high standards of risk management and compliance with institutional-grade technology products.” 

Olivier Dang, head of ventures at Laser Digital, added: “We are very excited to invest in Webⁿ and work with the team there, which has a track record of building innovative and scalable businesses.  

“We look forward to driving responsible innovation in the ecosystem by jointly developing institutional grade products and services across the digital asset value chain.” 

Image: © MariuszBlach via Canva

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.