Laser Digital, a subsidiary of the Nomura group, plans to expand its crypto offer in Japan, BLOOMBERG reported Friday.
The Switzerland-based unit is in negotiations on pre-consultation with Japan’s Financial Services Agency (FSA) as it prepares to apply for a Crypto Trading license to offer institutional customers services, according to the report citing CEO Jez Mohiden.
“Our entry into Japan reflects our optimism in the Japanese ecosystem with digital-active,” said Mohiden.
The news comes in the same week that Tokyo-based Nomura’s rival Daiwa Securities has begun to allow clients to offer Bitcoin and ether As a security to borrow the yen and demonstrate the convergence of digital and traditional funding (tradfi) in Japan.
Laser did not immediately respond to Coindesk’s request for comment.
