Laser Digital and Keyring Announce Strategic Partnership to Create Institutional Fixed Income Products

• The partnership caters to the growing institutional demand for fixed income products in DeFi, initially focusing on lending and borrowing markets that meet established standards of governance, compliance, and risk control.
• Keyring will address key barriers to institutional adoption in on-chain markets, including permissioning, insurance, governance, and settlement.
• Laser Digital’s Asset Management division will bring its track-record in structuring on-chain products and building institutional grade risk governance frameworks.
  

DUBAI, United Arab Emirates, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Laser Digital, the digital assets subsidiary of Nomura Group, has announced a strategic partnership with Keyring Network to develop institutional grade fixed income products for qualifying participants. The partnership reflects the continued maturation of on-chain markets and growing institutional demand for fixed income strategies that meet established standards of governance, compliance, and risk control.

Under the partnership, Keyring will provide infrastructure and tooling to support specific lending and borrowing markets, including access verification, quantitative risk parameterisation, and liquidation framework design. Laser Digital’s Asset Management division will contribute institutional governance standards, portfolio structuring perspectives, and market practice expertise.

Responsibilities will be defined on a contract-by-contract basis to reflect the specific strategy, asset type, and risk profile.

Commenting on the partnership, Jez Mohideen, Co-founder and CEO of Laser Digital, said, “Institutional interest in on-chain fixed income stems from real opportunity, but constraints remain. Our partnership with Keyring focuses on building solutions to support assets whose behaviour resembles conventional fixed income instruments rather than speculative crypto tokens, while preserving the efficiency benefits of on-chain settlement.”

“Spanning the interlinked asset classes of rates and credit, fixed income is the largest global market. Despite multi-year exponential growth in tokenised assets, we haven’t yet scratched the surface,” said Alex McFarlane, Founder and CEO of Keyring Network. “By combining Laser Digital’s institutional experience with our DeFi native tooling, we aim to enable fixed income strategies that can function at institutional scale on-chain and open the gateway to global markets.”

The Fixed Income Thesis
Fixed income is the largest asset class in global finance, and as more tokenised assets move on-chain, DeFi lending markets need to evolve from infrastructure designed for billions of crypto-native liquidity into infrastructure capable of supporting institutional fixed income at scale.

Today’s open DeFi lending infrastructure still faces four core constraints that limit institutional adoption: permissioning, exploit risk, governance, and settlement. Unrestricted counterparty access creates compliance exposure; smart-contract and protocol exploits create unquantifiable tail risk; insufficient institutional oversight limits allocator confidence; and off-chain settlement and clearing are misaligned with DeFi’s assumptions of instantaneous settlement. This makes participation on the borrower side costly, operationally inefficient and unnecessarily risky for lenders.

Keyring and Laser Digital are partnering to address these constraints through a framework designed for institutional markets. The framework combines scalable zero-knowledge permissioning, quantitative risk modelling, institutional governance standards, cyber insurance and risk-control mechanisms, as well as settlement technology through Keyring’s [un]wind. This will enable on-chain products to scale beyond today’s DeFi liquidity base and support wider markets.

The first markets are now ready to go live first on Euler Finance, expanding to other partners and products, with additional strategies launching in a phased manner.

About Laser Digital
Laser Digital is a full-service digital asset firm specializing in Trading, Asset Management, Solutions, and Early-Stage Investing. Nomura established Laser Digital to provide new value in digital assets to its clients, bridging traditional and crypto markets. We are positioned uniquely in the market, combining institutional-grade framework and risk management.

• For more information: www.laserdigital.com 
  

Legal Disclaimer
This is a marketing communication intended for professional investors in eligible jurisdictions only. It does not constitute investment advice or a recommendation. Past performance is not a reliable indicator of future results. Forecasts are not reliable indicators of future performance. Capital is at risk. Please consult the relevant terms and conditions before making any investment decisions.

IMPORTANT INFORMATION: Unless otherwise indicated, Laser activities contemplated above are not provided pursuant to any relevant license and do not constitute investment advice, portfolio management, or any other regulated activity. No participant is, or shall be deemed to be, a client of Laser Digital for any purpose. Access to the markets/products referred to above shall not be available to persons in any jurisdiction in which such access or distribution would be prohibited or restricted by law. In particular, none of the products and/or activities described above are available to, and no services are provided to, US Persons (as defined under Regulation S of the United States Securities Act of 1933, as amended) or persons located in, or residents of, the United States, Canada, or Australia or any Restricted Jurisdiction (as defined from time to time under the relevant terms of services).

Certain products contemplated above may benefit from insurance coverage provided by insurance providers or other providers in respect of specific risks (e.g., oracle manipulation, loss of admin-key private keys). Such insurance coverage is subject to the terms, conditions, exclusions, and limits of the applicable policy. No assurance can be given that insurance will respond, or that coverage will be adequate, in any particular event. Insurance coverage does not cover all risks and does not guarantee recovery of losses.

In respect of the products and/or markets referred to above, neither Laser Digital nor any Nomura Group affiliate:

(i) guarantee, underwrite, or provide any form of credit support, indemnity, or surety;
(ii) guarantee, warrant, or represent (whether expressly, impliedly, or otherwise) the performance, profitability, yield, safety, solvency, or return or any investment or transaction. 

Capital invested in or deployed to any smart contract is at risk. The value of digital assets and tokenised instruments is highly volatile and may decline significantly, including to zero.

For full disclosure: https://laserdigital.com/marketing-disclaimer/. Specific disclosures and risk disclaimer shall be available for each smart contract involving Laser Digital.

About Keyring
The trust layer for on-chain markets.

For more Information:

@KeyringNetwork for product updates and announcements
@KeyringResearch for DeFi focused research

Important Disclaimer
Keyring.Network (Cayman) Limited. (“Keyring”) operates as a permissioned access gateway to decentralised protocols and other decentralised finance (“DeFi”) applications. Keyring provides zero-knowledge verification services that allow verified users to interact with smart contracts while maintaining privacy.

Keyring is NOT a:

• Financial intermediary, broker-dealer, or investment adviser;
• Custodian of user funds or digital assets;
• Party to any transactions between users and DeFi protocols; or
• Guarantor of protocol performance or investment outcomes.

Interacting with DeFi protocols through Keyring involves substantial risk, including smart-contract exploits, market volatility, and the possible total loss of digital assets. Participants engage with these protocols directly and bear full responsibility for all outcomes. Access may be restricted where local laws or sanctions prohibit use. Users worldwide must ensure compliance with all applicable laws in their own jurisdictions. By using Keyring’s services, participants acknowledge these risks, accept sole responsibility for your actions, and agree that Keyring’s liability, if any, is limited to the fullest extent permitted by law.

For media inquiries: media@laserdigital.com / Kuruvilla.chacko@laserdigital.com

Media Contact: info@keyring.network