Nomura-owned company Laser Digital has applied to establish a national trust bank in the United States that will operate directly under federal regulations. The bank aims to offer cryptocurrency custody, spot trading, and staking services. This initiative will help the company create a legal and robust platform within the US crypto market, ensuring the protection of users’ assets. Given the rapidly growing interest and regulatory complexities in the cryptocurrency sector, providing such services through a banking institution is considered a significant step. The establishment of a national trust bank will enhance financial transparency and consumer confidence due to direct federal oversight, meaning digital assets will be securely managed and the risk of fraud in the market will be reduced. Nomura, a prominent global financial institution, has expanded into the crypto space through Laser Digital, signaling traditional banking’s increasing interest in adopting digital currencies and strengthening legal and financial frameworks in this sector. Despite the unclear regulatory environment for cryptocurrencies in the US, this move reflects market maturation. If approved, the bank will not only improve Laser Digital’s services but also encourage other financial institutions to enter the cryptocurrency domain. However, the volatile nature of the crypto market and potential changes in government regulations could impact the project’s future success.
Source: coindesk
