Overview
- The Switzerland-based unit is in pre-consultation with Japan’s Financial Services Agency to prepare a formal application, with no approval yet.
- If cleared, Laser plans to operate as a broker-dealer serving banks, traditional asset managers, and crypto firms already active in Japan.
- Japan’s crypto transaction value doubled to ¥33.7 trillion (about $230 billion) in the first seven months of 2025, signaling accelerating activity.
- Nomura’s strategy builds on a full crypto license in Dubai and a Japanese unit opened in 2023, with stablecoin initiatives being explored with GMO Internet Group.
- Market signals include Daiwa Securities allowing bitcoin and ether as loan collateral and ongoing policy proposals that could further formalize the sector by 2026.