Nomura arm builds permissioned lending markets on Euler Finance
Laser Digital, Nomura's digital asset arm, and Keyring Network announced a partnership to build permissioned lending and borrowing markets on decentralized finance infrastructure, starting with Euler Finance. Keyring will provide compliance plumbing including zero-knowledge proofs for counterparty verification, risk modeling, and liquidation frameworks, while Laser Digital will set underwriting and governance risk parameters. The firms say markets will feel like conventional fixed income rather than speculative tokens, and they plan phased expansion to other protocols after a 2024 proof of concept for compliant USDC transfers. No capital commitments, fees, borrowers, or launch date were disclosed.
Institutions can access permissioned DeFi lending with private verification
Context
The partners ran a 2024 proof of concept for compliant USDC transfers. They now plan permissioned lending on Euler Finance. They may expand the compliance layer to other DeFi protocols next.
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