Key Points
- •Nomura Holdings pursues a crypto trading license in Japan.
- •Institutional market focus on Bitcoin and Ethereum.
- •Japan's market growth drives institutional interest.
Nomura Holdings, Japan's largest brokerage, is seeking a crypto trading license via its subsidiary, Laser Digital Holdings, targeting institutional investors amidst surging Japanese crypto transaction volumes.
This move signals a shift in Japan’s crypto ecosystem, potentially boosting liquidity and institutional involvement, driven by favorable regulatory changes and rising market demand.
Nomura Holdings, through its subsidiary Laser Digital, is planning to solidify its position in Japan's burgeoning crypto market by obtaining a trading license, with a particular focus on institutional clients and major cryptocurrencies like Bitcoin and Ethereum.
Nomura's Strategic Move
Nomura Holdings, Japan’s largest brokerage, is exploring an entry into crypto trading. Through its subsidiary, Laser Digital, Nomura aims for a trading license by engaging with Japan's Financial Services Agency, focusing on institutional offerings.
The move involves Nomura Holdings and its Switzerland-based subsidiary, Laser Digital Holdings. Spearheaded by CEO Jez Mohideen, the company seeks to serve institutional clients with cryptocurrency trading services, emphasizing Bitcoin and Ethereum. Jez Mohideen confirmed the firm’s plan to offer Bitcoin, Ethereum, and other crypto trading services to institutional investors: "The application reflects our confidence in Japan’s evolving digital asset ecosystem".
Impact on Japan’s Crypto Landscape
The potential entry of Nomura into crypto trading could impact Japan’s digital asset landscape. It targets institutional clients like banks and pension funds, potentially increasing market liquidity and attracting more institutional investments into crypto assets.
With Japan's crypto transaction value reaching ¥33.7 trillion in early 2025, this interest is driven by market growth. Political factors include ongoing regulatory reforms, with Japan's FSA discussing tax alignments to encourage crypto market activities.
Regulatory and Competitive Dynamics
Japan's regulatory environment is preparing for increased institutional participation with tax reforms in place. This strategic positioning aligns with Nomura’s plans but awaits full license approval. Regulatory landscapes shape the competitive dynamics of crypto markets.
Nomura's plans in Japan follow its successful license in Dubai, setting a precedent for future institutional expansions. Historically, major financial entries have boosted liquidity in crypto. However, no immediate on-chain impacts have been reported yet.