Laser Digital Japan, backed by Nomura, has received Japan’s first crypto-related approval in four years, according to CoinDesk. The company said it will begin by providing liquidity to domestic crypto providers in Japan. Institutional trading services are set to follow later. The approval comes as demand for crypto in Japan continues to grow, giving Laser Digital room to expand its local business in step with that trend. CoinDesk’s report did not disclose additional operational details beyond the company’s initial liquidity focus and its plan to add institutional trading services afterward.
Laser Digital Japan, which is backed by Nomura, has won Japan’s first crypto-related approval in four years, according to CoinDesk.
The company will start by providing liquidity to domestic crypto providers in Japan. Institutional trading services are planned to follow.
The move comes as appetite for crypto in Japan grows, the report said.
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