Laser Digital, a subsidiary of Nomura Group, plans to expand its cryptocurrency services in Japan, Bloomberg reported on Friday.
The Swiss-based unit is preparing to apply for a crypto trading license to serve institutional clients and is in preliminary discussions with Japan’s Financial Services Agency (FSA), CEO Jez Mohideen said.
“Our entry into Japan reflects our optimism about the Japanese digital asset ecosystem,” Mohideen said.
The news comes in the same week that Tokyo-based Nomura rival Daiwa Securities began allowing customers to receive Bitcoin. BTC$120,293.95 and ether Ethereum$4,476.08 This shows the convergence of digital finance and traditional finance (TradFi) in Japan.
Laser did not immediately respond to CoinDesk’s request for comment.
