Nomura moves to capture Japan’s booming institutional crypto market
Nomura subsidiary Laser Digital confirmed to Cointelegraph that it is in talks with Japan’s FSA to apply for a crypto trading license, eyeing the country’s institutional investors.
Financial services holding company Nomura Holdings is preparing to expand into Japan’s cryptocurrency market through its Switzerland-based subsidiary, Laser Digital Holdings.
A Laser Digital spokesperson confirmed Friday that the unit is in pre-consultation talks with Japan’s Financial Services Agency (FSA) and intends to apply for a license to offer crypto trading services to institutional investors in the country.
However, the spokesperson told Cointelegraph that the application date remains “undetermined,” and will depend on the outcome of the discussions with the FSA.