Finance
What to know:
- Laser Digital, part of the Nomura Group, has decided to dip its toe into the crypto waters of Japan, per Bloomberg. Who knew financial institutions could remember what day it was?
- They’re reportedly prepping a crypto trading license application for institutional clients. Because nothing says “trust us” like asking for permission first. 🙌
In a world where financial institutions occasionally remember what day it is, Laser Digital-a subsidiary of the Nomura Group-has apparently decided to join the crypto circus in Japan, as reported by Bloomberg. The Switzerland-based unit is currently whispering sweet nothings to Japan’s Financial Services Agency (FSA), the bureaucratic labyrinth of the digital asset universe, to secure a license for institutional clients. According to CEO Jez Mohideen, this move is a “vote of confidence” in Japan’s digital-asset ecosystem. Or as he might’ve said in a meeting: “We’re not here to disrupt anything. Just… mildly confuse it.”
Meanwhile, across the Tokyo skyline, Daiwa Securities is playing its part in this grand FinTech ballet by letting clients use bitcoin and ether as collateral to borrow yen. Because nothing bonds humanity like turning cryptocurrency into a high-interest IOU. 🤷♂️
Laser Digital, for all its ambition, has so far chosen to remain as elusive as a tax auditor at a blockchain conference. When asked for comment, they vanished faster than a meme coin during a market crash. 🕳️
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2025-10-03 13:12