Nomura Eyes to Ripple Dominance in Crypto Trading in Japan as Demand Rises
Highlights
- $650 billion Nomura's arm Laser Digital is in early talks with Japan’s FSA to receive a crypto trading license.
- Nomura aims to ripple its dominance to Bitcoin and crypto trading offerings in the region.
- The Japanese investment giant is expanding deeply into the crypto market.
Nomura Holdings, Japan’s largest brokerage and investment banking group, eyes to ripple its dominance to the crypto market in the region. Nomura’s wholly owned subsidiary Laser Digital is in talks with Japan’s Financial Services Agency (FSA) for a crypto trading license.
Nomura Pushes for Crypto Trading License in Japan
$650 billion AUM investment giant Nomura’s arm Laser Digital is in early talks with Japan’s Financial Services Agency (FSA) to secure a crypto trading license, according to a Bloomberg report on October 3
Chief executive officer (CEO) Jez Mohideen confirmed the firm’s plan to offer Bitcoin, Ethereum, and other crypto trading services to institutional investors. This comes as crypto transactions doubled in the first seven months of the year to 33.7 trillion JPY ($230 billion).
Mohideen said the crypto license will enable the firm to offer broker-dealer services for traditional financial firms and crypto companies, including crypto exchanges in Japan.
Japan’s FSA pushed for tax reforms to shift crypto gains into a flat 20% bracket, aligning them with stocks and bonds. Laser Digital received approval to roll out crypto derivatives in Dubai. Nomura has also expanded in Dubai and Singapore recently.
Deeper Expansion into the Crypto Market
Nomura continues to expand deeply in the crypto market, with the first launch of the regulated crypto custody firm Kominu, with Ledger and CoinShares in 2018.
The Laser Digital Bitcoin Adoption Fund was launched in 2023 to enable institutional investors to access digital assets amid rising demand. At that time, Nomura claimed to turn Laser Digital profitable in two years. Now, it competes with other traditional giants such as JPMorgan and Goldman Sachs amid rising demand for Bitcoin and other crypto assets.
The recent positive changes, including tax cuts, the launch of focused funds, and major crypto developments in partnership between Ripple and SBI Holdings, have boosted crypto adoption in Japan. This is clearly evident from Metaplanet becoming the 4th largest corporate Bitcoin treasury.
BTC price is trading above $120K in the past 24 hours, with a 24-hour low and high of $118,609 and $121,086, respectively. Furthermore, the trading volume has dropped slightly in the last 24 hours, indicating a decline in interest among traders.
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
