Laser Digital, a Nomura company, supports Decentralized Finance (DeFi) infrastructure builder incubated by NEAR and WOO Network
NASSAU, Bahamas, Nov. 1, 2022 /PRNewswire/ — Orderly Network, a decentralized, permissionless trading infrastructure built on the NEAR blockchain, has completed a fundraising for Laser Digital, a crypto affiliate of the financial services group Global Nomura.
This new funding comes just months after announcing a separate $20 million funding round led by a group of venture capital heavyweights including Pantera Capital, Dragonfly Capital and Sequoia China.
“Laser Digital Ventures is investing in the most innovative companies in the digital asset ecosystem. Orderly is one of our first investments given its unique position of having access to deep liquidity and an order book matching engine that can accommodate a high performance and speed limits,” said Olivier Dang, Head of Ventures at Laser Digital.
“We are delighted to have a renowned financial services group with Laser Digital’s expertise as an investor in Orderly. Decentralized finance (DeFi) is rapidly evolving and the Orderly Network strives to meet the needs of institutional clients by providing seamless access to digital assets. The seed fund is a vote of confidence that we can meet those requirements,” said Ran Yi, co-founder of Orderly Network.
Orderly Network launched its mainnet on October 11 on the NEAR blockchain. The scheduled launch powered the WOOFi DEX decentralized exchange with Orderly’s order book infrastructure, allowing professional traders access to deep liquidity. This allows operators to execute orders directly using smart contracts, while also providing the desired flexibility with order sizes and pricing.
“Our goal is to provide the most robust liquidity layer infrastructure for any dApp to use and build on. With the help of our WOO Network and NEAR incubators, we are able to leverage the knowledge and experience of both teams to achieve this vision.” Yi pointed out.
There are more and more professional traders and market makers entering the DeFi space. Automated Market Makers (AMMs) are designed for retail traders and often do not facilitate a more sophisticated trading strategy. However, order book-type decentralized exchanges are in high demand, and very few of them are currently capable of offering the necessary trading experience.
Incubated in October last year through a joint partnership between top 10 cryptocurrency exchange WOO Network, and NEAR, a leading 1-layer public blockchain for a wide range of decentralized applications (dApps). Orderly Network will offer a centralized financial-level trading infrastructure leveraging WOO Network’s experience in building decentralized exchanges and trading platforms.
About Laser DigitalLaser Digital is a cryptocurrency business redefining the frontier of digital finance. Backed by Nomura, Laser Digital offers robust and scalable opportunities in trading, asset management and enterprise. The team works to higher standards of risk management, compliance, and commercial viability, all driven by a belief in more responsible crypto innovation. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, move quickly to capitalization, and share learnings with clients and partners, bringing greater confidence to the institutional market to the benefit of all.
About Orderly Network
Orderly Network is a decentralized, permissionless exchange protocol built on top of NEAR. Founded in April 2022 with a mission to create the most robust liquidity layer infrastructure for any dApp to use and build on, Orderly Network offers market-leading execution with low latency, minimal fees, and access to extensive payment options. liquidity. For more information, visit our website.
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