Nomura weighs sale of Laser Digital crypto unit
Key points
- Nomura Holdings is exploring a potential sale of its cryptocurrency subsidiary, Laser Digital, following losses linked to volatile digital asset markets.
- Potential buyers include Marex Group, although discussions remain preliminary and no final decision has been made.
- The review signals a possible strategic shift in Nomura's institutional cryptocurrency business following profitability pressures.
Nomura Holdings Inc (TSE:8604) is exploring a Laser Digital sale after losses, according to an exclusive report by Bloomberg.
The potential divestment follows cryptocurrency market volatility that weighed on Nomura's European operations.
Laser Digital provides institutional cryptocurrency trading, asset management and venture investment services across digital asset markets.
Potential buyers include Marex Group, which is evaluating a transaction, although discussions remain preliminary.
Nomura has also reduced Laser Digital's trading exposure to limit earnings volatility during cryptocurrency market swings.
Established in 2022, Laser Digital operates alongside Nomura's other digital asset businesses, including security-token platform Boostry and custody provider Komainu.
The subsidiary secured Japan's crypto exchange registration and preliminary US trust-bank approval while continuing its institutional expansion.
The potential sale would mark a strategic reassessment of Nomura's cryptocurrency operations as market volatility challenges institutional digital asset businesses.
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