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Laser Digital, a subsidiary of Nomura Group, plans to apply for an encryption trading license in Japan.
According to Mars Finance, Bloomberg reports that Japan's financial giant Nomura Group's cryptocurrency subsidiary Laser Digital is planning to apply for a crypto asset trading license in Japan to provide services to institutional clients. Laser Digital CEO Jez Mohideen revealed that the company is currently in preliminary consultations with the Financial Services Agency (FSA) of Japan. He stated, "Our entry into the Japanese market reflects our optimistic attitude towards Japan's digital asset ecosystem." Earlier this week, Nomura's competitor Daiwa Securities has started allowing clients to use Bitcoin and Ethereum as collateral to borrow Japanese yen.