International law firm CMS has advised digital asset business Laser Digital on its investment in Webn Group, an incubation hub for fintech and Web3 innovators backed by Alan Howard.
Laser Digital is Nomura’s digital asset subsidiary. Headquartered in Switzerland, Laser Digital aims to solve the challenges institutions face in digital asset investment through innovative digital asset management strategies, rigorous risk management and systematic trading expertise. As part of this investment, Laser Digital’s CEO Dr. Jez Mohideen joins the board of Webn Group as a non-executive director.
CMS Corporate Partner Anthony Waller commented: “We are delighted to have advised Laser Digital on this investment. The two companies share a common ambition to help institutions navigate the challenges presented by digital assets. By combining their strengths and expertise, they will be able to develop products and services that will help them towards that goal.”
The CMS dedicated Digital Assets team is increasingly active in this marketplace, and cooperates with industry bodies, academics, government thinking groups and tasks forces.
CMS Digital Assets Partner Charles Kerrigan added: “Exposure to the best deep tech projects is a goal for many institutions now”.
Olivier Dang, General Partner at Laser Digital Ventures, commented: "We look forward to cementing our partnership with Webn Group and delivering our common vision. We would like to thank the CMS team for their invaluable support throughout the process.”
Barbara Walshe, General Counsel at Webn Group, added: “We know the CMS specialist crypto and digital assets team well and found their deep practical knowledge of the digital asset sector to be very valuable in this investment process.”
The CMS team was led by Anthony Waller and Charles Kerrigan, with support from Alex Stanciu (Corporate) and Erika Federis (Finance).
