Japanese financial giant Nomura enters the U.S. crypto market
Nomura's subsidiary called Laser Digital has applied for a U.S. national trust bank license. This move will allow the company to offer institutional and retail clients a comprehensive suite of services for holding, trading and managing crypto assets.
According to the application, the proposed bank will provide the following services under direct federal supervision:
- Crypto custody for digital assets
- Spot cryptocurrency trading
- Crypto staking services
Nomura's entry into the crypto custody and trading market is a significant event. It demonstrates the growing interest of large traditional financial institutions in the crypto industry and their willingness to play an active role in its development. Such steps help increase institutional investor confidence in cryptocurrencies, which in the long run will contribute to the broader adoption and implementation of digital assets.
Experts believe that obtaining a national trust bank license will be an important advantage for Laser Digital over other players in the U.S. crypto market. This will allow the company to offer a wider range of services and enjoy a higher level of customer trust.