Nomura’s Crypto Subsidiary Laser Digital Opens Office in Japan

Japan
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Sujha Sundararajan
Author Categories
About Author

Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Source: Getty Images

Laser Digital, the digital asset subsidiary of financial services giant Nomura, has opened a new Tokyo base, to expand its presence in the Far East.

Former Nomura’s executive director Hideaki Kudo, has been appointed to head the new office in Japan. Kudo has previously worked on several projects for Nomura including the development of security tokens for Nomura Group. He also served as a senior portfolio manager at Nomura Asset Management, the company said in an announcement on Monday.

“Kudo-san’s experience at the Digital Company will be invaluable to Laser Digital’s development and growth, we are thrilled to welcome him to our team,” Nomura’s co-founder Steven Ashley noted.

“To optimize support of our trading business we wanted to have 24/7 operational management, so for coverage in the far east Japan was obviously our top choice.”

Laser Digital’s expansion into Asian markets comes a week after the firm announced receiving an in-principal license to operate in Dubai. On Sept. 26, the Abu Dhabi Global Market (ADGM), an international financial free zone in Abu Dhabi, granted the operational license to provide broker-dealer services and asset/fund management services in relation to both virtual and traditional assets.

Nomura did not provide further information on its new Tokyo office at this time.

Last month, Nomura’s Laser Digital introduced a new fund providing Bitcoin (BTC) exposure to institutional clients. Dubbed the Bitcoin Adoption Fund, it provides long-only exposure and will be the first in a range of such digital asset investment products offered by Laser Digital.

Further, the company noted at the time, that the fund will use Komainu, a joint venture between Nomura, Ledger and CoinShares, for custody of client assets.

In an interview with Financial News in June, Jez Mohideen, CEO of Laser Digital said that the cryptocurrency regulatory clarity in Asia, particularly Japan and Hong Kong, will boost retail participation, at a time when the industry has learnt lessons from US failures.

More Articles

Blockchain News
Swedish Payments Group Klarna Sets Sights on Crypto Ahead of Public Listing
Shalini Nagarajan
Shalini Nagarajan
2025-02-10 07:30:29
Finance News
Consumer Financial Protection Bureau Funding and Activities Suspended by New Head
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-02-10 06:53:26
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors