Laser Digital Invested Strategically in Infinity
Laser Digital, the crypto arm of Japanese financial services giant Nomura, has invested in Infinity Exchange, a decentralized finance (DeFi) protocol for corporate lending and borrowing. Together with this investment, the Ethereum-based lending and borrowing protocol creates the infrastructure for the institutional adoption of Web3.
Kevin Lepsoe, founder and CEO of Infinity, said Laser’s investment is in addition to the $4.2 million Infinity investment raised last September from several backers, including GSR and Flow Traders. Explaining how Infinity differs from existing DeFi protocols, Lepsoe said that the interest rate mechanism and risk management system are important advantages in terms of competition.
Also noteworthy, Lepsoe, a former head of structuring and financial engineering at Morgan Stanley in Hong Kong, founded Infinity last year to increase institutional adoption of DeFi.
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