WebN Group, a crypto incubator backed by billionaire Alan Howard, is set to close after fulfilling its mission. The incubator, which invested in digital asset infrastructure projects such as KAIO, Twinstake, TruFin, and Geometry, received investment from Laser Digital, a crypto joint venture of Japan's Nomura, in 2023. Some employees are reportedly transitioning to Brevan Howard, whose digital asset fund suffered a nearly 30% loss in 2025 and significantly reduced its holdings in BlackRock's iShares Bitcoin Trust by about 85%.