Japan's Biggest Broker May Be Ready to Walk Away From Crypto
Nomura Holdings is exploring a potential sale of its crypto subsidiary, Laser Digital, Bloomberg reports.
The Zurich-based firm offers crypto trading, asset management and on-chain credit services. Its losses last year reportedly dragged Nomura's European business into the red.
Laser Digital entered the market in 2022 and has since expanded into DeFi and private credit. It also secured a Japanese crypto exchange registration in August.
Bloomberg says potential buyers include Marex Group.
A sale would mark a major change in Japan's institutional crypto ambitions.