Nomura’s digital business, Laser Digital, has bought Elysium Technology Group, a company that offers after-sale help for non-exchange foreign exchange and digital assets.
In 2007, ex-UBS executives Andy Siciliano, Ed Mount, Mark Rosenfeld and Lo Shih established Elysium, a company that offers post-trade services to the foreign exchange industry. This acquisition, a major triumph for both firms, will provide institutional digital asset investors with a range of cross-asset post-trade opportunities.
Elysium Technology Group is a well-known and reliable provider of post-trade solutions, specializing in OTC FX. It has been a leading technology company in this area for many years, introducing newer, more efficient technology. They will now be Elysium LD Technology, Inc., affiliated with Laser Digital. And will keep expanding their FX and digital asset services.
Elysium and Laser Digital have joined forces to enhance opportunities in the post-trade workflow space. RiskDB, Elysium’s pre-existing platform, has been designed to streamline post-trade processes and increase efficiency while lowering costs.
MatchHub is a groundbreaking central clearing solution that offers an affordable software platform that can match. And settle transactions quickly, cutting down on risks, and making the business and its counterparts more visible. The partnership emphasizes both firms’ dedication to introducing useful solutions and helping their customers.
CEO of Elysium Technology Group, Ed Mount, said:
A group of us at Elysium had the good fortune to launch our careers at O’Connor and Associates in Chicago. We have continued to embed their core principles of using leading-edge technology, rigorous risk management, and the highest ethical standards throughout our services for over 20 years together. We are thrilled to join forces with Steve and the rest of the Laser Digital team, who share our values and ambitions of bringing our cross-asset platform to an expanded audience.
Executive Chairman of Laser Digital, Steve Ashley, commented:
The acquisition of Elysium is a strategic move that aligns perfectly with our vision for the future of finance. Combining Laser Digital with Elysium’s RiskDB and MatchHub platforms will enable us to deliver the cross-asset post-trade system institutional digital asset investors require.
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