Crypto Trading for Nomura Bank Japanese Customers Will Roll Out in Early 2023

Japanese bank Nomura will offer institutional clients crypto trading in early 2023. The bank is one of the largest in Japan and launched a crypto unit earlier this year.

Japanese bank Nomura is expected to launch crypto trading for institutional clients in early 2023. The crypto unit of Nomura, which is one of the largest banks in Japan, is working on setting up crypto trading and hopes to develop the team in the coming months. Blockworks broke the news for the first time.

nomura first announcement the crypto trading plan in May 2022, revealing that it would create a new digital asset company called Laser Digital. Focused on a “full suite of trading products, investors and investment services,” the company will offer crypto-related services, Challengestablecoins and NFTs.

Speaking to Blockworks, Jez Mohideen, CEO of Laser Digital, says that other institutions were expected to arrive. He told the publication,

“The deep skills we have acquired in building quantitative electronic trading platforms and a rigorous skill set in risk management. So that’s what we hope to deliver. I think these kinds of skills are invaluable for institutionalizing digital assets. There is no doubt that everyone in the crypto ecosystem is waiting for institutions to come into play.”

The crypto trading platform will be available to institutional clients, family offices, high net worth individuals, and hedge funds actively involved in the crypto space. However, the intention is to open the clientele later.

Laser Digital wants to lead crypto trading and institutional investments

digital laser took its name in September, with the opening of the office in Switzerland. Since then, he quickly started working on plans for the near future. The three priorities defined by the company are secondary commerce, venture capital and products aimed at investors.

As a trading platform for institutional clients, members of the firm have made it clear that now is the time to get in, as it may become too difficult to compete later. This is a step forward for the market and representative of the changes that institutional markets are undergoing.

The Japanese crypto ecosystem is growing

Nomura also emphasizes web3, with plans already in place. The bank is building a team to help other companies enter the metaverse. Specifically, he is thinking about ways to use his knowledge of investment banking to help companies raise capital and navigate regulations.

Nomura is one of several banks in Japan making a foray into the crypto market. Sumitomo Mitsui Trust spear a new company for institutional clients earlier this year in a joint venture with Bitbank.

Meanwhile, the Japanese government is keen to take advantage of web3 and the metaverse to stimulate the economy. Prime Minister Fumio Kishida also spoke about the importance of broadening the social integration of these technologies in October.


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