DeFi agreement Infinity Exchange gains Laser Digital investment

It is reported that Laser Digital, the encryption subsidiary of Nomura Securities, a Japanese financial services giant, invested in the DeFi protocol Infinity Exchange. Last September, Infinity obtained $4.2 million of investment in seed round financing, including GSR and Flow Traders.

Interpretation of this information:

The recent investment by Laser Digital, a subsidiary of Nomura Securities, in the DeFi protocol Infinity Exchange signals a growing interest in the potential of Decentralized Finance (DeFi) within the traditional financial sector. The investment indicates that major financial institutions are recognizing the potential in blockchain-based systems for offering decentralized financial services.

Infinity Exchange launched last year, raising over $4.2 million from investors including GSR and Flow Traders. The Infinity Exchange protocol is designed to enable seamless trading across decentralized exchanges (DEXs). Infinity is a cross-chain platform, meaning it will be able to use blockchains beyond Ethereum, where the majority of DEXs are currently based.

Nomura Securities is one of Japan’s most prominent and innovative financial services companies. It has previously explored the potential of blockchain and digital assets, having issued bonds using the blockchain technology in 2019. The decision to invest in Infinity Exchange demonstrates Nomura’s continued interest in blockchain-based solutions, and its desire to leverage the technology to innovate traditional finance.

The investment by Nomura Securities’ Laser Digital in Infinity Exchange comes at a time when DeFi protocols are growing in popularity and prominence. DeFi protocols are blockchain-based platforms that offer financial services such as lending and borrowing of cryptocurrencies, as well as decentralized trading. By leveraging blockchain technology, DeFi protocols offer transparency, security, and accessibility that traditional finance often lacks.