just now
June 30, 2023 - Laser Digital, the digital assets subsidiary of Nomura, has announced it is acquiring Elysium Technology Group, a leading post-trade solutions provider for the over-the-counter (OTC) foreign exchange (FX) and digital assets markets. This strategic move has the possibility to revolutionise the post-trade landscape, marrying traditional financial markets with the burgeoning digital asset sector.
Founded in 2007 by a quartet of industry pioneers, including former UBS executives Andy Siciliano and Ed Mount, Elysium has built a reputation as an innovator in post-trade solutions for the foreign exchange industry. Elysium will be rebranded as Elysium LD Technology, Inc., operating as an affiliate of Laser Digital, and will continue to expand its FX and digital asset offerings.
The jewel in Elysium's crown is RiskDB, a powerful enterprise platform that integrates business logic into a real-time database, optimising post-trade workflows and facilitating business efficiencies at scale. In addition, MatchHub, a game-changing central clearing solution that offers a cost-effective platform to match, reconcile, and settle transactions in real time, significantly boosting business and counterparty transparency.
Elysium's CEO, Ed Mount, expressed excitement over the acquisition, citing shared values and ambitions with Laser Digital, "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."
Steve Ashley, Executive Chairman of Laser Digital, heralded the acquisition as a strategic step forward. "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,” he said.
As digital assets continue to gain momentum, the coupling of Elysium's comprehensive knowledge and experience in post-trade solutions with Laser Digital's innovative approach to financial technology could be a significant leap forward.
Laser Digital, backed by Nomura, is a forerunner in the digital asset sector, offering scalable, robust opportunities across trading, asset management, and ventures. The acquisition of Elysium reinforces Laser Digital's commitment to driving responsible engagement in digital assets and could strengthen its position at the frontier of digital finance.
