Laser Digital Obtains Japan's First Crypto Asset License

Japan's financial regulatory authority has approved Laser Digital Japan to register as a crypto asset trading service provider, making it the first new entrant to obtain this license in nearly four years. Laser Digital will provide liquidity services to local virtual asset service providers in Japan and plans to launch digital asset trading services aimed at institutional investors, with specific launch dates and business scope yet to be announced. Laser Digital is supported by Nomura Holdings, one of Japan's largest investment banks. The company's CEO, Jez Mohideen, stated that Japan's digital asset market is entering a new phase of development, and the market requires more reliable trading counterparts and infrastructure. Previous surveys indicated that 79% of institutional investors plan to invest in crypto assets within the next three years. This regulatory approval comes as Japan advances its crypto asset regulatory reforms, with related new regulations expected to take effect in 2027.

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