Nomura’s digital asset arm Laser Digital is integrating with Talos, the technology trading platform that helps to link cryptocurrency liquidity providers. Talos is backed by numerous institutions, including BNY Mellon, Citi, Fidelity, Galaxy, SCB 10X and Wells Fargo.
Laser Digital is about to launch as a liquidity provider. The company has three divisions, venture funding, asset management and digital assets trading. It has made extensive venture investments and launched its first fund in September. Now it is readying to go live with trading.
“We are proud to join forces with Talos to expand institutional access to digital assets,” said Jez Mohideen, CEO of Laser Digital. “Talos and Laser Digital share a heritage in traditional financial markets and a common goal to simplify digital asset trading in a way that is familiar and trusted by institutions.”
Talos is a platform through which institutions link to multiple liquidity providers. The company doesn’t need to be regulated because institutions enter into bilateral agreements directly with the liquidity providers. The platform is also integrated with the institutional focused EDX Markets. Charles Schwab, Citadel Securities, Fidelity Digital Assets and others founded EDX.
Meanwhile, in September Laser Digital received an in-principle license from the Abu Dhabi Global Market (ADGM) as a broker-dealer and asset/fund manager for cryptocurrencies and traditional assets. It also received a license from Dubai’s VARA the previous month.