Digital laser, a subsidiary of the nomura group, plans to extend its crypto offer in Japan, Bloomberg reported on Friday.
The Swiss-based unit is in pre-consultation discussion with Japan Financial Services Agency (FSA) while it is preparing to request a Crypto trading license to provide services to institutional customers, according to the report citing the CEO Jez Mohideen.
“Our entry into Japan reflects our optimism in the Japanese ecosystem of digital assets,” said Mohideen.
The news arrives the same week as the nomura rival, based in Tokyo, Daiwa Securities began to allow customers to offer bitcoin and ether As a guarantee to borrow the yen, demonstrating the convergence of digital and traditional finances (tradfi) in Japan.
Laser did not immediately respond to the request for comments from Coindesk.
