• Dr. Jez Mohideen, CEO, Laser Digital will join WebN board as a non-executive director 
• Webⁿ Group (Webⁿ) and Laser Digital cement strategic partnership 
• Partnership further strengthens Webⁿ’s position in the institutional digital assets landscape 

LONDON, 19 July 2023 – Webⁿ, an incubation hub for fintech and Web3 innovators, backed by Alan Howard, today announces an investment from Laser Digital, Nomura’s digital asset subsidiary. As part of its investment, Laser Digital’s CEO, Dr. Jez Mohideen, joins the board of Webⁿ as a non-executive director. Webⁿ incubates businesses that bring digital assets and Web3 products and services to financial institutions. Founded in late 2021, Webⁿ has built a team with a deep understanding and extensive experience of capital markets, financial services, start-ups and technology.

“Webⁿ’s ambition aligns with Laser Digital’s commitment to addressing the challenges currently faced by institutional investors who are engaging with digital assets. With this investment, we look forward to co-building businesses with Laser Digital that meet a real market need for institutions and combine high standards of risk management and compliance with institutional-grade technology products.” – Himanshu Panwar, CEO, Webⁿ Group UK.

Webⁿ has an established ecosystem of partners and has incubated several businesses. Its current public portfolio, with more upcoming, includes: 

• Geometry, a team that builds companies and protocols which leverage deep mathematics, cryptography and engineering to advance the use of Web3

• Trufin, a institutional-grade protocol built to provide access to on-chain asset management

• Twinstake, an institutional-grade, non-custodial staking provider designed and built in collaboration with leaders in the digital asset space

“We are very excited to invest in Webⁿ and work with the team there, which has a track record of building innovative and scalable businesses. We look forward to driving responsible innovation in the ecosystem by jointly developing institutional grade products and services across the digital asset value chain.” – Olivier Dang, Head of Ventures, Laser Digital.

– ENDS –

MEDIA CONTACTS

Shahla Haque, Head of Communications, Webⁿ

shahla.haque@wng.co

Sophie Arnold, Head of Communications, Laser Digital

sophie.arnold@laserdigital.com

NOTES TO EDITORS

About Webⁿ 

Webⁿ Group is an incubation hub for fintech and Web3 innovators, backed by Alan Howard. Partnering with engineers, entrepreneurs and researchers who are building next-generation, institutional businesses, Webⁿ serves as a bridge between blockchain technology and financial institutions. To learn more visit www.wng.co  

About Laser Digital 

Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalization, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all. For more information about Laser Digital, visit: www.laserdigital.com