Nomura's Laser Digital Secures Conditional Trust Bank Charter Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Newsfilter
- Trust Bank Approval: Nomura's digital asset subsidiary, Laser Digital, has secured conditional approval for a national trust bank charter, enabling it to hold and manage tokenized, digital, and conventional assets under federal supervision, which is expected to enhance its market position in the digital asset space.
- Capital Requirements: Full approval is contingent upon meeting specific conditions, including minimum capital requirements, ensuring Laser Digital's financial stability in operations and bolstering client trust in its services.
- Market Demand: Laser Digital aims to assist clients in moving funds across traditional currencies, stablecoins, and other digital assets, handling cross-border payments, and managing collateral across crypto and traditional markets, addressing the growing institutional demand, particularly in crypto trading and asset management.
- Industry Trends: As digital assets gain mainstream prominence, more firms are seeking national trust bank charters, with at least 15 applications submitted by digital asset-related firms to the OCC since the start of 2025, reflecting increased confidence in regulatory frameworks within the industry.
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About BNY
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment delivers a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nomura's Laser Digital Secures Conditional Trust Bank Charter Approval
- Trust Bank Approval: Nomura's digital asset subsidiary, Laser Digital, has secured conditional approval for a national trust bank charter, enabling it to hold and manage tokenized, digital, and conventional assets under federal supervision, which is expected to enhance its market position in the digital asset space.
- Capital Requirements: Full approval is contingent upon meeting specific conditions, including minimum capital requirements, ensuring Laser Digital's financial stability in operations and bolstering client trust in its services.
- Market Demand: Laser Digital aims to assist clients in moving funds across traditional currencies, stablecoins, and other digital assets, handling cross-border payments, and managing collateral across crypto and traditional markets, addressing the growing institutional demand, particularly in crypto trading and asset management.
- Industry Trends: As digital assets gain mainstream prominence, more firms are seeking national trust bank charters, with at least 15 applications submitted by digital asset-related firms to the OCC since the start of 2025, reflecting increased confidence in regulatory frameworks within the industry.
See More
Robinhood Launches Trump Accounts App, Stock Rises 5.4%
- Stock Surge: Robinhood Markets (HOOD) saw a 5.4% increase in stock price during Thursday's midday trading, primarily driven by the launch of the Trump Accounts app, which allows Americans to open retirement accounts similar to 401(k)s, indicating strong market interest.
- App Launch: The company sent out the first batch of email invitations for app downloads on Thursday, with activation emails to be sent in the coming weeks to eligible individuals who opted to open a Trump Account by filing IRS Form 4547, showcasing proactive user acquisition efforts.
- Financial Support: Eligible children born between 2025 and 2028 will receive an initial $1,000 contribution from the U.S. Treasury, while families, friends, and employers can collectively contribute up to $5,000 annually, promoting savings and investment among families.
- Partnership: The U.S. Treasury selected BNY (formerly Bank of New York Mellon) as the financial agent to implement the program, partnering with Robinhood to serve as the brokerage and initial trustee for the accounts, further solidifying Robinhood's position in the fintech sector.
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U.S. Treasury Launches Trump Accounts App for Children's Investments
- Policy Initiative: The U.S. Treasury has launched the Trump Accounts app aimed at creating investment accounts for children born between 2025 and 2028, with the government depositing $1,000 in seed money to encourage long-term investing from an early age, thereby enhancing economic mobility.
- Technical Collaboration: Developed in partnership with trading platform Robinhood and custodian bank BNY, the app is designed to simplify the registration and investment process, enabling millions of Americans to easily participate in investing and improving financial access.
- Corporate Support: Major U.S. banks like JPMorgan Chase, Wells Fargo, and Bank of America have pledged contributions to the accounts for their employees' children, reflecting the Republican focus on addressing voters' affordability concerns ahead of the upcoming midterm elections.
- Future Outlook: The next phase of the Trump Accounts program will include account activation ahead of the official launch in July, with supporters arguing that this initiative will provide children with opportunities to build wealth from birth, thereby establishing a stronger financial foundation for future generations.
See More
Trump Accounts App Launches for Children's Investment Accounts
- App Launch: The Trump Accounts app officially launched on Thursday, allowing families to download and register for children's investment accounts, with initial deposits expected as early as July 4, marking a significant advancement in children's investment opportunities.
- User Registration: Nearly 6 million children have registered for Trump Accounts to date, indicating strong family interest in this new investment tool, which could foster a culture of investing among future generations.
- Funding Contribution Policy: Parents can contribute up to $5,000 annually to children's accounts, while employers can add $2,500 per employee, incentivizing more families to engage in investing and promoting long-term wealth growth for children.
- Investment Strategy: Trump Accounts will be invested in broad U.S. equity index funds, ensuring the potential for capital appreciation while providing children with a stable financial foundation, aligning with government strategies to enhance financial literacy among youth.
See More
Launch of Trump Accounts Empowers Young Americans' Investments
- Account Activation and Educational Resources: Families can activate Trump Accounts immediately, gaining access to financial literacy materials aimed at enhancing young people's financial knowledge and investment awareness, thereby laying the groundwork for future economic independence.
- Corporate Support and Matching Contributions: Major corporations, including SoFi and Intel, have announced plans to match federal contributions for employees' children, which is expected to further promote investment among young people and enhance financial security for families.
- Investment Potential and Long-Term Returns: The Trump Accounts provide a $1,000 federal contribution for children born between 2025 and 2028, with estimates suggesting this could grow to $5,800 by age 18 and nearly $200,000 by age 55, highlighting the immense potential of early investments.
- Market Reaction and Retail Sentiment: While sentiment around Robinhood stock remains bearish, BNY's sentiment is neutral, reflecting differing investor perspectives on the new accounts, which could influence future market dynamics and investment decisions.
See More
Trump Administration to Launch Trump Accounts App Ahead of July 4
- App Launch Announcement: Treasury Secretary Scott Bessent revealed that the Trump administration will roll out the Trump Accounts app on Thursday, aiming to provide parents and children with a convenient savings management tool to help realize the American dream.
- Children's Savings Accounts: The app will assist parents in managing children's savings accounts, with plans to offer $1,000 in tax-deferred account startup funds for children born in 2025 or later, enhancing their retirement savings potential.
- Surge in Participation: Bessent noted that nearly 6 million children have already signed up for the program, indicating a strong parental focus on financial education and savings for children, which could promote future economic stability.
- Partnerships Established: The initiative is managed by Robinhood and Bank of New York Mellon, leveraging their fintech capabilities to enhance the convenience and security of account management, further driving the accessibility of financial services.
See More
Nomura's Laser Digital Secures Conditional Trust Bank Charter Approval
- Trust Bank Approval: Nomura's digital asset subsidiary, Laser Digital, has secured conditional approval for a national trust bank charter, enabling it to hold and manage tokenized, digital, and conventional assets under federal supervision, which is expected to enhance its market position in the digital asset space.
- Capital Requirements: Full approval is contingent upon meeting specific conditions, including minimum capital requirements, ensuring Laser Digital's financial stability in operations and bolstering client trust in its services.
- Market Demand: Laser Digital aims to assist clients in moving funds across traditional currencies, stablecoins, and other digital assets, handling cross-border payments, and managing collateral across crypto and traditional markets, addressing the growing institutional demand, particularly in crypto trading and asset management.
- Industry Trends: As digital assets gain mainstream prominence, more firms are seeking national trust bank charters, with at least 15 applications submitted by digital asset-related firms to the OCC since the start of 2025, reflecting increased confidence in regulatory frameworks within the industry.
See More
Robinhood Launches Trump Accounts App, Stock Rises 5.4%
- Stock Surge: Robinhood Markets (HOOD) saw a 5.4% increase in stock price during Thursday's midday trading, primarily driven by the launch of the Trump Accounts app, which allows Americans to open retirement accounts similar to 401(k)s, indicating strong market interest.
- App Launch: The company sent out the first batch of email invitations for app downloads on Thursday, with activation emails to be sent in the coming weeks to eligible individuals who opted to open a Trump Account by filing IRS Form 4547, showcasing proactive user acquisition efforts.
- Financial Support: Eligible children born between 2025 and 2028 will receive an initial $1,000 contribution from the U.S. Treasury, while families, friends, and employers can collectively contribute up to $5,000 annually, promoting savings and investment among families.
- Partnership: The U.S. Treasury selected BNY (formerly Bank of New York Mellon) as the financial agent to implement the program, partnering with Robinhood to serve as the brokerage and initial trustee for the accounts, further solidifying Robinhood's position in the fintech sector.
See More
U.S. Treasury Launches Trump Accounts App for Children's Investments
- Policy Initiative: The U.S. Treasury has launched the Trump Accounts app aimed at creating investment accounts for children born between 2025 and 2028, with the government depositing $1,000 in seed money to encourage long-term investing from an early age, thereby enhancing economic mobility.
- Technical Collaboration: Developed in partnership with trading platform Robinhood and custodian bank BNY, the app is designed to simplify the registration and investment process, enabling millions of Americans to easily participate in investing and improving financial access.
- Corporate Support: Major U.S. banks like JPMorgan Chase, Wells Fargo, and Bank of America have pledged contributions to the accounts for their employees' children, reflecting the Republican focus on addressing voters' affordability concerns ahead of the upcoming midterm elections.
- Future Outlook: The next phase of the Trump Accounts program will include account activation ahead of the official launch in July, with supporters arguing that this initiative will provide children with opportunities to build wealth from birth, thereby establishing a stronger financial foundation for future generations.
See More
Trump Accounts App Launches for Children's Investment Accounts
- App Launch: The Trump Accounts app officially launched on Thursday, allowing families to download and register for children's investment accounts, with initial deposits expected as early as July 4, marking a significant advancement in children's investment opportunities.
- User Registration: Nearly 6 million children have registered for Trump Accounts to date, indicating strong family interest in this new investment tool, which could foster a culture of investing among future generations.
- Funding Contribution Policy: Parents can contribute up to $5,000 annually to children's accounts, while employers can add $2,500 per employee, incentivizing more families to engage in investing and promoting long-term wealth growth for children.
- Investment Strategy: Trump Accounts will be invested in broad U.S. equity index funds, ensuring the potential for capital appreciation while providing children with a stable financial foundation, aligning with government strategies to enhance financial literacy among youth.
See More
Launch of Trump Accounts Empowers Young Americans' Investments
- Account Activation and Educational Resources: Families can activate Trump Accounts immediately, gaining access to financial literacy materials aimed at enhancing young people's financial knowledge and investment awareness, thereby laying the groundwork for future economic independence.
- Corporate Support and Matching Contributions: Major corporations, including SoFi and Intel, have announced plans to match federal contributions for employees' children, which is expected to further promote investment among young people and enhance financial security for families.
- Investment Potential and Long-Term Returns: The Trump Accounts provide a $1,000 federal contribution for children born between 2025 and 2028, with estimates suggesting this could grow to $5,800 by age 18 and nearly $200,000 by age 55, highlighting the immense potential of early investments.
- Market Reaction and Retail Sentiment: While sentiment around Robinhood stock remains bearish, BNY's sentiment is neutral, reflecting differing investor perspectives on the new accounts, which could influence future market dynamics and investment decisions.
See More
Trump Administration to Launch Trump Accounts App Ahead of July 4
- App Launch Announcement: Treasury Secretary Scott Bessent revealed that the Trump administration will roll out the Trump Accounts app on Thursday, aiming to provide parents and children with a convenient savings management tool to help realize the American dream.
- Children's Savings Accounts: The app will assist parents in managing children's savings accounts, with plans to offer $1,000 in tax-deferred account startup funds for children born in 2025 or later, enhancing their retirement savings potential.
- Surge in Participation: Bessent noted that nearly 6 million children have already signed up for the program, indicating a strong parental focus on financial education and savings for children, which could promote future economic stability.
- Partnerships Established: The initiative is managed by Robinhood and Bank of New York Mellon, leveraging their fintech capabilities to enhance the convenience and security of account management, further driving the accessibility of financial services.
See More
