Laser Digital Japan, a subsidiary of Nomura Holdings’ digital assets division, completed its registration as a Crypto Asset Exchange Service Provider with Japan’s Financial Services Agency on August 21, marking the first new crypto exchange in the country in four years. The firm will initially focus on providing liquidity to domestic virtual asset service providers before expanding to institutional clients. A survey conducted by Nomura and Laser Digital found that 65% of Japanese institutional investors view crypto assets as a diversification tool, with approximately 79% planning to invest within the next three years. This launch coincides with a regulatory overhaul that will introduce a flat 20% tax on qualifying crypto gains from January 1, 2028, compared to rates that can reach up to 55% under the current miscellaneous income classification.
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