Nomura's Laser Digital Eyes Crypto Trading License in Japan
Nomura-owned Laser Digital is gearing up to apply for a crypto trading license in Japan, aiming to serve institutional clients. The company is also exploring stablecoin creation and has begun pre-consultations with the country's Financial Services Agency.
Japan's crypto market has seen a significant surge, with transaction volumes doubling in just seven months to reach 33.7 trillion yen (around $230 billion). Laser Digital, which offers digital-asset services including asset management and venture capital, is eyeing this growth. The company already holds a full crypto business license in Dubai.
Led by CEO Jez Mohideen, Laser Digital is optimistic about Japan's expanding crypto industry. The company's Japan operations are headed by Hideaki Kudo, who is overseeing the pre-consultations for the crypto trading license. If approved, Laser Digital will offer broker-dealer services to a range of institutional clients, including banks, pension managers, crypto firms, and exchanges operating in Japan.
Nomura, through Laser Digital, has already launched Bitcoin and Ethereum Adoption Funds for institutional investors. Furthermore, Nomura-backed crypto custodian provider Komainu has expanded its reach by acquiring Propine, a crypto custodian firm, to enter the Asian market.
Laser Digital's move into the Japanese crypto market, backed by Nomura, signals growing interest from traditional financial institutions. The company's plans to offer broker-dealer services and create stablecoins could further boost Japan's thriving crypto industry.
Read also:
- Small Business Owners Sound Alarm on Tariff Challenges
- THW Marks 75 Years of Saving Lives at Home and Abroad
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
