Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Core Insights - Nomura Holdings is expanding its presence in Japan's digital asset market through its subsidiary Laser Digital Holdings, which is seeking a license to offer trading services to institutional clients [1] - Japan's crypto trading market has seen significant growth, with transaction values doubling to ¥33.7 trillion (approximately $230 billion) in the first seven months of the year [2] - The move towards digital assets is supported by government reforms aimed at easing tax burdens and refining regulations, attracting younger investors and institutional players [5] Group 1: Company Developments - Laser Digital Holdings is in pre-consultation talks with Japan's Financial Services Agency to obtain a license for trading services [1] - The subsidiary was established to provide a range of services, including asset management and venture capital, and has already secured a full crypto business license in Dubai [4] - Nomura's Laser unit has faced challenges, reporting a quarterly loss in Europe, with expectations for profitability being pushed back [7] Group 2: Industry Trends - The Japanese crypto market has experienced a 120% increase in on-chain value received over the past year, surpassing growth rates in South Korea, India, and Vietnam [6] - Supportive policies abroad, particularly in the US, along with anticipated domestic changes such as tax cuts, have contributed to the market's momentum [2] - Major players like Daiwa Securities are integrating cryptocurrencies into their services, allowing clients to use Bitcoin and Ether as collateral for loans [3]