In a recent post, Shiba Inu community member Kuro highlights a recent development in Japan that has the potential to boost Shiba Inu's status in the country.
Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced Friday that it has completed its registration and is now authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act.
Laser Digital's registration marks the newest entry into Japan's crypto asset industry since 2022, following a four-year hiatus in new approvals.
Within these four years, Japan has introduced major regulatory reforms, including around stablecoins, and institutional investors have increasingly come to view digital assets as an important diversification tool.
SHIB gains major Japan boost
Kuro highlighted the significance of this development to SHIB: Shiba Inu is one of the six tokens that will be handled first. Others include BTC, ETH, XRP, BCH, and LTC.
Laser Digital indicated that it will initially serve to enhance liquidity across the domestic market for local VASPs, while future services will include offering institutional investors trading opportunities for digital assets.
"SHIB in Japan's crypto asset infrastructure for institutional investors. At this point, it's safe to say SHIB holds a special status in Japan," Kuro reacted.
Details regarding the launch date and scope of Laser Digital's services are expected to be announced later.
Shiba Inu (SHIB) was added to the Japan Virtual and Crypto Assets Exchange Association (JVCEA)'s regulatory "Green List" in November 2025, boosting its status in the country.
In April this year, Japanese crypto exchange Rakuten Wallet listed Shiba Inu, enabling users to trade SHIB against the yen and convert Rakuten Points.
At the time of writing, SHIB was up 2.92% in the last 24 hours to $0.00000545 and up 20% weekly.
