Laser Digital has acquired Elysium Technology Group, a specialist provider of post-trade solutions for OTC FX and digital assets
Zurich, Switzerland-based Laser Digital is the digital asset subsidiary of financial group Nomura.
By acquiring Elysium, it hopes to bring cross-asset post-trade capabilities to institutional digital asset investors, to drive “efficiency, transparency, and reliability”.
Connecticut, US-headquartered Elysium’s enterprise platform, RiskDB, streamlines post-trade workflows and minimises trade processing costs.
MatchHub is its central clearing solution that matches, reconciles and settles transactions in real-time.
Elysium was founded in 2007 by ex-UBS executives Andy Siciliano and Ed Mount. The company will be renamed Elysium LD Technology and operate as an affiliate of Laser Digital.
Steve Ashley, executive chairman of Laser Digital, commented: “The acquisition of Elysium is a strategic move that aligns perfectly with our vision for the future of finance.
“Combining Laser Digital with Elysium’s RiskDB and MatchHub platforms will enable us to deliver the cross-asset post-trade system institutional digital asset investors require.”
Ed Mount, chief executive officer of Elysium Technology Group, added: “We are thrilled to join forces with the Laser Digital team, who share our values and ambitions of bringing our cross-asset platform to an expanded audience.”