Nomura-backed Laser Digital Japan's unit has completed registration as a Crypto Asset Exchange Service Provider under Japan's Payment Services Act, with registration number 00032. The approval covers Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Shiba Inu, all on the Japan Virtual and Crypto Assets Exchange Association's Green List. This ends nearly four years without new industry participants. Laser Digital Japan will initially provide liquidity to other licensed crypto asset companies in Japan before offering trading services to professional investors, with the latter launch date to be announced later. Regulations require full segregation of client assets, with at least 95% of customer crypto assets stored in offline cold wallets and verified by annual audits. The license excludes crypto asset derivatives and does not allow launching exchange-traded funds. Japan's main crypto regulatory framework adjustments are expected in the 2027 fiscal year. The firm will initially enhance liquidity for local virtual asset service providers before expanding to institutional digital-asset trading.