Japanese Banking Giant’s Crypto Subsidiary Applies for US Banking Charter

In brief

  • The Nomura-owned Laser Digital applied for a U.S. OCC charter to launch a crypto-focused national trust bank.
  • The bank would offer digital asset custody and spot trading under full U.S. regulatory oversight.
  • It joins a surge of crypto firms seeking bank charters after passage of the stablecoin-focused GENIUS Act last year.

The crypto-focused subsidiary of Japan’s largest investment bank has joined the growing list of digital asset firms seeking a coveted banking charter from the U.S. Treasury Department.

The subsidiary, Laser Digital, is based in Switzerland and owned by the Nomura Group, the Tokyo investment banking and brokerage giant. On Tuesday evening, Laser announced it had filed an application with the U.S. Office of…

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