Laser Digital, a subsidiary of the Nomura Group, plans to expand its crypto products in Japan, Bloomberg reported on Friday.
According to a report citing CEO Jez Mohideen, the Swiss-based unit is preparing to apply for a cryptocurrency transaction license to provide services to the institution’s clients by a Pre-Attachment Consultation (FSA) with the Japanese Financial Services Agency (FSA).
“Our entry into Japan reflects our optimism in Japan’s digital asset ecosystem,” Mohiden said.
The news comes in the same week that Tokyo-based Nomura rival Daiwa Securities began to allow clients to offer Bitcoin. BTC$120,293.95 and ether ETH$4,476.08 We demonstrate the convergence of digital and traditional finance (Tradfi) in Japan as collateral for borrowing Yen.
Laser did not immediately respond to Coindesk’s request for comment.
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