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Japan's Laser Digital Applies for U.S. Banking License: FT

Nomura's Laser Digital crypto subsidiary has applied for a U.S. national trust bank charter.
Japan's Laser Digital Applies for U.S. Banking License: FT
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Laser Digital, the digital assets subsidiary of Japanese financial conglomerate Nomura, has applied for a U.S. national trust bank charter with the Office of the Comptroller of the Currency (OCC).

What's the Scoop?

  • Bank Application: According to the Financial Times, Laser Digital (a digital asset-focused company which spun out of Nomura in 2022) has filed with the OCC for a national trust bank charter. Charter holders can offer nationwide asset custody without needing to secure individual licenses at the state level.
  • Exchange Ambitions: Although Laser Digital declined to comment, according to the report, one person familiar with Laser Digital’s position indicated that the group intends to offer spot trading for digital assets.
  • Recent Approvals: The OCC previously granted national trust bank charters to five crypto banks associated with BitGo, Circle, Fidelity Digital Assets, Paxos, and Ripple Ripple in December.

Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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