Laser Digital Aims to Enter Japanese Crypto Market With Licensing Application

Laser Digital, a subsidiary of the Nomura Group, has initiated preparations for an application to obtain a license in Japan that would allow them to offer cryptocurrency trading services to institutional clients. The Swiss-based company is currently engaged in preliminary discussions with the Financial Services Agency (FSA). CEO Jez Mohideen expressed his confidence in the Japanese crypto market’s potential, confirming their intention to enter the country. This move coincides with Daiwa Securities launching yen loans collateralized by Bitcoin and Ethereum, signaling a growing convergence between traditional finance and cryptocurrency within Japan.