Nomura explores sale of crypto unit Laser Digital after losses hit European business
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Nomura is exploring a sale of its crypto unit Laser Digital after losses at the subsidiary weighed on the Japanese bank's European business. The retreat marks a reversal for a venture Nomura launched in 2022 as a bridge between traditional finance and digital assets, spanning trading, asset management and venture investing. The review underscores how persistently weak crypto markets and volatile token prices are forcing even well-capitalized incumbents to reassess their digital-asset exposure. Details on valuation, potential buyers and the scope of any transaction remain undisclosed. What to watch next is whether Nomura pursues a full divestiture or a partial stake sale, and whether other bank-owned crypto units face similar pressure.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
Named in this story
Laser Digital, Nomura