Laser Digital, a subsidiary of Nomura Group, plans to apply for a cryptocurrency trading license in Japan

ChainCatcher news, according to Bloomberg, Japan's financial giant Nomura Group's cryptocurrency subsidiary Laser Digital is planning to apply for a cryptocurrency asset trading license in Japan to provide services to institutional clients.

Laser Digital CEO Jez Mohideen revealed that the company is currently in preliminary discussions with the Financial Services Agency (FSA) of Japan. He stated, "Our entry into the Japanese market reflects our optimistic view of the Japanese digital asset ecosystem." Earlier this week, Nomura's competitor Daiwa Securities has begun allowing clients to use Bitcoin and Ethereum as collateral to borrow Japanese yen.