Nomura’s Crypto Arm Invests in Institutional Hybrid DeFi Protocol Infinity Exchange
Japanese investment banking giant Nomura’s digital asset subsidiary, Laser Digital, has made a strategic investment in institutional-grade decentralized finance (DeFi) protocol Infinity Exchange, the firms announced Wednesday.
Neither Laser Digital nor Infinity disclosed details about the size of the investment or valuation.
Infinity is a hybrid lending and borrowing platform that combines blockchain-based, permissionless settlements with traditional finance (TradFi) processes and risk management. Founded by a Morgan Stanley alum, the protocol focuses on offering fixed and floating interest rate markets and crypto yield curve to institutional investors.