Nomura-Owned Laser Digital Plans Crypto License Application in Japan
Laser Digital, a subsidiary of the Nomura Group, is preparing to submit an application for a crypto trading license in Japan to expand its offerings for institutional clients. The Switzerland-based unit is currently in pre-consultation discussions with Japan's Financial Services Agency (FSA), indicating a strong interest in the Japanese digital asset market, according to CEO Jez Mohideen. This announcement coincides with similar moves by Nomura's competitor, Daiwa Securities, which has started allowing clients to trade bitcoin and ether, highlighting a growing convergence of digital and traditional finance in Japan. Laser Digital's efforts signal optimism for the developing digital asset ecosystem within the country, aiming to provide regulated services to institutional investors.
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