In an ambitious stride towards embracing the future of finance, Nomura Holdings’ subsidiary, Laser Digital, makes headlines by seeking to tap into Japan’s institutional crypto market. This move could redefine the landscape of cryptocurrency investment in the Land of the Rising Sun.
Nomura’s Crypto Journey Begins
With pre-consultation talks already underway with Japan’s Financial Services Agency (FSA), Nomura is setting its sights on acquiring a license to provide crypto trading services to institutional investors. While an official application date hangs in the balance, the potential approval would signal a new era for broker-dealer services in traditional and digital financial domains.
Institutional Interest Peaks
Japan’s institutional appetite for crypto is at an all-time high. As reported, Daiwa Securities Group recently introduced a crypto lending service, reflecting robust interest in digital assets. A recent survey by Nomura and Laser Digital revealed that a significant 54% of investment managers, including family offices and corporations, intend to dive deeper into the cryptocurrency pool within the next three years.
Regulatory Winds Favor Crypto
Japan’s regulatory landscape appears to be evolving alongside the burgeoning interest. By reforming crypto regulations to mirror traditional securities rules and lowering taxes, the country aims to nurture a more conducive environment for crypto innovations. The introduction of the first yen-pegged stablecoin marks another pivotal step in this regulatory metamorphosis.
Soaring Crypto Adoption in Japan
The momentum doesn’t end there. Chainalysis reports a staggering 120% growth in on-chain value received in Japan over the past year. This growth aligns with global crypto trends and highlights Japan’s rising stature as a key player in the Asia Pacific region.
As stated in Cointelegraph, Laser Digital’s strategic steps, along with Japan’s regulatory shifts, set the stage for an exciting chapter in crypto investments. As the world watches, Nomura’s audacious bid to capture Japan’s institutional crypto market could well be a harbinger of transformative change in how traditional finance engages with the digital currency frontier.