Nomura Adjusts Cryptocurrency Holdings Amid Q3 Losses

Nomura, Japan's largest wealth manager, has scaled back its cryptocurrency holdings following losses in the third quarter through its European subsidiary, Laser Digital. According to NS3.AI, this move aims to mitigate short-term risks. Despite the reduction, Nomura is dedicated to growing its digital asset business over the medium to long term. Laser Digital is actively seeking a U.S. national trust bank charter to provide crypto custody and trading services across the United States.