Zurich and Chicago, IL, 6/29/2023 – Nomura's digital assets subsidiary, Laser Digital, today announces the acquisition of Elysium Technology Group, a leading provider of post-trade solutions for over-the-counter (OTC) foreign exchange (FX) and digital assets. Founded in 2007 by ex-UBS executives Andy Siciliano and Ed Mount, along with tech pioneers Mark Rosenfeld and Lo Shih, Elysium is an innovator of post-trade solutions for the foreign exchange industry. This strategic acquisition marks a significant milestone for both companies as they join forces to bring cross-asset post-trade capabilities to institutional digital asset investors. The transaction is expected to close imminently.
Elysium Technology Group has been an established and trusted leader in post-trade solutions over the past decade, particularly in the OTC FX market. With its proven track record, Elysium brings a wealth of expertise, experience, and technological advancements to the digital asset landscape. The company will be renamed Elysium LD Technology, Inc., operating as an affiliate of Laser Digital and will continue to grow its FX and digital asset product lines and client base.
RiskDB, Elysium's longstanding enterprise platform, integrates business logic within a real-time database to streamline post-trade workflows and create scalable business efficiencies while minimizing trade processing costs. In addition, MatchHub is a revolutionary central clearing solution which offers a cost-effective software platform to match, reconcile, and settle transactions in real-time, minimizing various risks by vastly improving business and counterparty transparency. The acquisition underscores Elysium and Laser Digital's commitments to delivering innovative solutions and empowering clients.
Ed Mount, CEO of Elysium Technology Group commented; “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, added, "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.”
By combining Elysium's extensive knowledge and expertise in post-trade solutions with Laser Digital's innovative approach to financial technology, the two companies are poised to create unparalleled offerings for the digital asset industry, driving efficiency, transparency, and reliability in post-trade services, for the benefit of financial institutions and market participants worldwide.
Head of Communications
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 capitalisation, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all.
For more information, please visit: https://www.laserdigital.com
About Elysium Technology Group:
Elysium Technology Group is a provider of innovative financial technology solutions designed to revolutionize the way financial institutions operate. With a relentless commitment to driving industry-wide transformation, Elysium empowers market participants with cutting-edge tools and technologies to streamline their operations, reduce costs, and mitigate risks.
For more information, please visit: https://www.elysiumtechgroup.com/