Laser Digital receives conditional approval for US banking license
01 June 2026 US
Image: eskystudio/adobe.stock.com
Laser Digital, a digital asset subsidiary of Nomura, has been granted preliminary conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter.
The approval enables the firm to establish Laser Digital National Trust Bank, a de novo national trust bank providing multi-asset fiduciary trust services to institutional clients in the US under federal supervision.
Laser Digital National Trust Bank will operate by offering trust and related activities, including the holding of client assets, without deposit-taking or lending activities
Final authorisation to commence operations is subject to the firm meeting all-pre opening conditions, including minimum capital requirements.
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The charter ties Laser Digital's global infrastructure under a single federal regulatory framework.
Steven Ashley, group executive chairman and chair of Laser Digital National Trust Bank, remarks:
"The charter is the regulatory backbone we've wanted from the start. We've spent three years building across the UAE, Japan, and now the US.
“This fiduciary anchor completes the structure, offering a single counterparty that holds tokenised and conventional assets on the same platform, on the same terms."
Purvi Maniar, Laser Digital Group chief legal officer and president of Laser Digital National Trust Bank, adds: “Institutions have been asking for custody, collateral mobility, and currency intermediation across fiat and stablecoins, in one regulated structure. The trust bank delivers that for digital and traditional assets, under a federal supervisor and the fiduciary standards their committees already work with.
“We are now focused on satisfying the OCC’s pre-opening conditions and opening for business.”
The approval enables the firm to establish Laser Digital National Trust Bank, a de novo national trust bank providing multi-asset fiduciary trust services to institutional clients in the US under federal supervision.
Laser Digital National Trust Bank will operate by offering trust and related activities, including the holding of client assets, without deposit-taking or lending activities
Final authorisation to commence operations is subject to the firm meeting all-pre opening conditions, including minimum capital requirements.
.
The charter ties Laser Digital's global infrastructure under a single federal regulatory framework.
Steven Ashley, group executive chairman and chair of Laser Digital National Trust Bank, remarks:
"The charter is the regulatory backbone we've wanted from the start. We've spent three years building across the UAE, Japan, and now the US.
“This fiduciary anchor completes the structure, offering a single counterparty that holds tokenised and conventional assets on the same platform, on the same terms."
Purvi Maniar, Laser Digital Group chief legal officer and president of Laser Digital National Trust Bank, adds: “Institutions have been asking for custody, collateral mobility, and currency intermediation across fiat and stablecoins, in one regulated structure. The trust bank delivers that for digital and traditional assets, under a federal supervisor and the fiduciary standards their committees already work with.
“We are now focused on satisfying the OCC’s pre-opening conditions and opening for business.”
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