Laser Digital Acquires Elysium Technology Group
Laser Digital, a digital asset subsidiary of Nomura, has announced its acquisition of trading firm Elysium Technology Group. This move is seen as a significant milestone for both companies as they join forces to provide cross-asset post-trade capabilities to institutional digital asset investors.
Key Points:
– Elysium specializes in offering over-the-counter, post-trade solutions for foreign exchange and digital assets through its RiskDB and MatchHub services.
– RiskDB streamlines post-trade workflows, reducing trading costs, while MatchHub software matches, reconciles, and settles real-time transactions.
– The strategic acquisition of Elysium aligns with Laser Digital’s vision for the future of finance and will allow them to deliver the cross-asset post-trade system required by institutional digital asset investors.
In addition to acquiring Elysium, Laser Digital has made other investments this year, including DeFi protocol Infinity Exchange and crypto trading firm CrossX.
Hot Take
Laser Digital’s acquisition of Elysium Technology Group demonstrates its commitment to expanding its offerings and providing comprehensive solutions for institutional digital asset investors. By combining their platforms, Laser Digital will be well-positioned to meet the increasing demand for efficient cross-asset post-trade capabilities in the digital asset space. This strategic move further solidifies Laser Digital’s position as a key player in the evolving landscape of finance and highlights the company’s focus on innovation and growth.
Continue reading on Theblock.co
By
By
By
By
By