Not taking deposits or making loans, focusing solely on institutional-level custody and tokenized assets. This approach is very clever—avoiding the most sensitive deposit business and first occupying the compliance custody ecosystem.

Nomura Holdings’ digital-asset company, Laser Digital, has received preliminary conditional approval from the U.S. OCC to establish Laser Digital National Trust Bank. The bank is intended to serve as a federally regulated trust institution, providing institutional clients with custody services for tokenized assets, digital assets, and traditional assets, and supporting businesses such as stablecoins, cross-border payments, and collateral management. Final approval will depend on requirements such as minimum capital, and the bank does not plan to accept deposits or make loans.