Nomura Securities reduces its cryptocurrency holdings due to losses in the third quarter, but emphasizes its unchanged long-term commitment

Nomura Securities in Japan manages approximately 153 trillion yen in client assets and has reduced its cryptocurrency holdings after incurring losses in the third quarter. The company's Chief Financial Officer, Hiroyuki Morinai, stated that they are lowering the risk exposure of their European crypto subsidiary, Laser Digital, to curb short-term profit volatility.

Nevertheless, Nomura emphasized that its commitment to digital asset-related businesses remains unchanged and hopes to expand its crypto operations in the medium to long term. Laser Digital has recently applied for a federal banking charter in the United States, planning to provide crypto custody and spot trading services for U.S. businesses and residents.

Nomura established Laser Digital in Switzerland in September 2022, focusing on cryptocurrency trading and venture capital, with an original expectation of achieving profitability by 2024.