The CEO of Nomura’s Laser Digital sees the fallout from the collapse of FTX as an opportunity to provide institutions with more trusted digital asset services.
In September, Nomura announced the creation of Laser Digital as its global digital asset unit based out of Switzerland. It is chaired by Steve Ashley, formerly head of Nomura’s wholesale division, and Dr. Jez Mohideen is its CEO. He’s been with Nomura for four years, most recently as Chief Digital Officer of the wholesale division, and before that was a partner at Brevan Howard in London.
“The latest events in the crypto market will provide an opportunity for us as it will drive institutional investors to digital-asset firms backed by traditional finance houses,” Mohideen told Bloomberg. “We’ve run all the stress tests and assuming worse-case scenarios in terms of market volume, price volatility, we believe we can turn profitable within two years.”
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