Laser Digital, the encryption subsidiary of Nomura Holdings, plans to slow down its hiring plans, The Block reported. Laser Digital expects to receive its first license from Dubai in early 2023, launching a cryptocurrency fund and an exchange-traded fund from mid-2023. Previously, Laser Digital stated that it will launch a dedicated cryptocurrency trading platform in the first quarter of 2023. The business will include high-frequency trading, market making and proprietary trading to cater to institutional clients, family offices, high-net-worth individuals and hedging Fund needs.