Nomura’s Laser Digital Invests in BounceBit to Strengthen Digital Asset Infrastructure

0


Felix Pinkston
Jan 16, 2025 03:58

Nomura’s Laser Digital invests in BounceBit, enhancing collaboration in digital asset infrastructure and bridging traditional finance with DeFi.





BounceBit, a pioneering company in the digital finance sector, has secured a strategic investment from Laser Digital, the digital asset subsidiary of Nomura Holdings. This investment marks a significant step forward in the collaboration between BounceBit and one of Japan’s most established financial institutions, according to BounceBit.

Institutional Confidence in Digital Assets

Nomura, with over a century of legacy in global finance and $400 billion in assets under management, demonstrates growing institutional confidence in digital asset infrastructure through Laser Digital’s investment. The expertise of Laser Digital’s team in capital markets and banking is expected to be invaluable as BounceBit embarks on its next phase, which includes enabling diverse Real World Asset (RWA) collateralization. This includes T-bills, RWA-backed stablecoins like USDY, Hashnote’s USYC, and Ethena’s USDtb, among others.

Bridging TradFi and DeFi

Jack Lu, Founder of BounceBit, highlighted the significance of this partnership, stating, “This partnership with Laser Digital represents more than capital — it’s part of our effort to bridge between TradFi and DeFi.” The partnership aims to leverage Laser Digital’s insight and reach, which will be instrumental in advancing RWA on BounceBit.

Exploring New Use Cases

This collaboration signifies a broader shift in how global financial institutions perceive digital asset infrastructure. With the support of Laser Digital, BounceBit is particularly excited to explore Japanese RWA use cases, including forex markets, leveraging Nomura’s deep expertise in Asian financial markets. The companies anticipate sharing more developments in the coming months.

About Laser Digital

Laser Digital, backed by Nomura, is at the forefront of digital finance, providing scalable opportunities across trading, asset management, and ventures. The company is committed to high standards of risk management and compliance, fostering responsible engagement in digital assets. Its dynamic culture allows it to adapt swiftly to market needs and share insights with clients and partners, enhancing confidence in the institutional market.

About BounceBit

BounceBit leads the way in CeDeFi infrastructure, offering institutional-grade yield products, Real World Asset integration, and CeDeFi as a service. The BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, combines Bitcoin’s security with full EVM compatibility. Through innovative liquidity custody tokens (LCTs) and partnerships with CEFFU, users can earn interest from CeFi, utilize LCTs for restaking and on-chain farming, and access tokenized RWAs for diversified yield generation.

Image source: Shutterstock


Credit: Source link

Leave A Reply

Your email address will not be published.