Nomura's crypto arm expands to Japan with new office

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Laser Digital, the crypto unit of Japanese banking giant Nomura, has expanded to Japan with a new office in Tokyo.

Hideaki Kudo as the new office's representative director and head. Kudo has been with the Nomura Group since 2007. In his latest role, Kudo was an executive director at Nomura's Digital Company, responsible for its digital asset strategy, including projects such as developing security tokens for Nomura Group and launching the first real estate security token offering in Japan. Before his role at the Digital Company, he was a senior portfolio manager at Nomura Asset Management.

"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," Steven Ashley, co-founder of Laser Digital, said in a statement. Laser Digital is headquartered in Switzerland and also has offices in London and Dubai.to focus on three core areas: venture capital, asset management and trading.

Laser Digital's Dubai entity also recently received operating license approval from the city's Virtual Asset Regulatory Authority. The full license will allow Laser Digital to provide crypto broker-dealer and asset management services from its Dubai entity.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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