Strategic Licensing Move
Laser Digital, the Switzerland-based subsidiary of Tokyo’s Nomura Group, has entered pre-consultation discussions with Japan’s Financial Services Agency (FSA) in anticipation of applying for a crypto trading license. The planned application aims to secure authorization to offer digital-asset services to institutional clients under Japan’s evolving regulatory framework. Formal submission of the license request is expected in the coming weeks pending completion of preparatory compliance measures.
Institutional Service Focus
The license will enable Laser Digital to provide custody, trading, and margin services for major cryptocurrencies, targeting asset managers, family offices, and corporate clients. Institutional offerings are designed to include secure custody solutions, integrated execution venues, and risk management tools. Nomura’s internal analysis projects institutional sector demand for digital-asset trading infrastructure to grow substantially over the next 12 to 18 months, driven by diversification needs and yield-seeking strategies amid low-interest-rate environments.
Regulatory Alignment
Discussions with the FSA have focused on compliance with shipment and settlement standards, anti-money laundering protocols, and investor protection requirements. Laser Digital is aligning internal policies with Japan’s Payment Services Act and revised Financial Instruments and Exchange Act provisions governing crypto assets. The subsidiary has also engaged external legal counsel to navigate licensing procedures and facilitate ongoing dialogue with regulators to ensure a timely review process.
Market Impact and Outlook
Japan ranks among the top global markets for digital-asset trading volumes, and Nomura’s entry could intensify competition among both domestic and international participants. Institutional-grade licensees are expected to accelerate adoption of stablecoins, tokenized securities, and decentralized finance protocols within regulated channels. Successful licensing of Laser Digital may prompt other major financial groups to pursue similar authorizations, further integrating crypto markets into Japan’s financial system infrastructure.
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