Search results for Nomura Holdings
Crypto
Japan digital securities to open to foreign investors as SBI, Daiwa eye 2027 trading
SBI Securities and Daiwa Securities are building a trading framework to allow overseas investors to invest in Japanese digital securities, with a possible launch as early as 2027. The initiative aims to expand a market largely limited to domestic residents. The firms have validated a direct trading base with Singapore with the fintech firm Boostry. They are also reviewing use of Circle’s dollar-backed stablecoin for settlement and considering a yen-based stablecoin later.
Crypto
Bitwise lists BWCC Canton Network ETP on Germany\'s Xetra to broaden institutional access
Bitwise Europe listed an exchange-traded product linked to Canton Network’s native token CC on Deutsche Boerse’s Xetra in Germany. The product, Bitwise Canton ETP with ticker BWCC, tracks Kaiko’s CANTO Reference Rate LDNLF index and charges an annual fee of 0.85 percent. The CC tokens are held by the issuer and kept in cold storage with 100 percent collateral, allowing trading through standard brokerage accounts without a crypto wallet.
Crypto
Japan pushes bill to classify cryptocurrencies as financial products, cuts tax rate
Japan has approved a bill to amend the Financial Instruments and Exchange Act to classify cryptocurrencies as financial products. The country also introduced a new tax system that would replace a top progressive rate of 55 percent on crypto gains with a single 20 percent rate. The proposal would apply stock-market insider-trading rules to crypto trading and require issuers to disclose information at least once a year. It is expected to take effect in fiscal 2027 if passed in the current parliamentary session.
