Nomura-backed Laser Digital Japan received registration to provide domestic liquidity before expanding into institutional crypto trading.
Nomura Group’s digital asset subsidiary, Laser Digital, received authorization to operate as a crypto asset exchange service provider under Japan’s Payment Services Act (PSA)
A list issued by Japan’s Financial Services Agency (FSA) on Friday showed that Laser Digital received the country’s first crypto exchange license in four years. The last platform to receive FSA authorization was Binance Japan in October 2022.
Japan’s crypto market is entering a “new phase of maturity,” creating a need for “trusted counterparties and infrastructure” as “institutional investors increase their interest in this asset class,” Jez Mohideen, co-founder and CEO of Laser Digital, said in a Friday press release.
