As part of its investment, Laser Digital’s CEO, Dr. Jez Mohideen, joins the board of Webn as a non-executive director. Webn incubates businesses that bring digital assets and Web3 products and services to financial institutions. Founded in late 2021, Webn has built a team with a deep understanding and extensive experience of capital markets, financial services, start-ups and technology.

Himanshu Panwar, CEO, Webn Group UK, commented:

“Webn’s ambition aligns with Laser Digital’s commitment to addressing the challenges currently faced by institutional investors who are engaging with digital assets. With this investment, we look forward to co-building businesses with Laser Digital that meet a real market need for institutions and combine high standards of risk management and compliance with institutional-grade technology products.”

Webn has an established ecosystem of partners and has incubated several businesses. Its current public portfolio, with more upcoming, includes:

• Geometry, a team that builds companies and protocols which leverage deep mathematics, cryptography and engineering to advance the use of Web3

• Trufin, a DeFi protocol built to provide access to on-chain asset management

• Twinstake, an institutional-grade, non-custodial staking provider designed and built in collaboration with leaders in the digital asset space

Olivier Dang, Head of Ventures, Laser Digital added:

"We are very excited to invest in Webn and work with the team there, which has a track record of building innovative and scalable businesses. We look forward to driving responsible innovation in the ecosystem by jointly developing institutional grade products and services across the digital asset value chain."