Nomura's Laser Digital Acquires Digital Asset Trading Solutions Firm

Laser Digital, a digital asset subsidiary of Nomura, is acquiring the trading solutions firm Elysium Technology Group according to a story in the Block News. The transaction is expected to close imminently, the companies said in a statement, adding that the deal is a "significant milestone for both companies as they join forces to bring cross-asset post-trade capabilities to institutional digital asset investors." Elysium focuses on providing over the counter, post-trade solutions for foreign exchange and digital assets with its RiskDB and MatchHub services. RiskDB minimizes trading costs through smoothing out post-trade workflows, while MatchHub software matches, reconciles and settles real-time transactions. Laser Digital made other investments this year, most notably in the DeFi protocol Infinity Exchange in February and the crypto trading firm CrossX in March, The Block previously reported.