Laser Digital, a subsidiary of the Nomura Group, is planning to expand its crypto offering in Japan, Bloomberg reported on Friday.The Switzerland-based unit is in pre-consultation talks with Japan’s Financial Services Agency (FSA) as it prepares to apply for a crypto trading license to offer services to institutional clients, according to the report citing CEO Jez Mohideen.”Our entry into Japan reflects our optimism in the Japanese digital-asset ecosystem,” Mohideen said.The news comes in the same week that Tokyo-based Nomura’s rival Daiwa Securities has begun allowing clients to offer bitcoin BTC$120,439.49 and ether ETH$4,484.79 as collateral to borrow yen, demonstrating the convergence of digital and traditional finance (TradFi) in Japan.Laser did not immediately respond to CoinDesk’s request for comment.
Nomura-Owned Laser Digital Plans Crypto License Application in Japan: Bloomberg
