Nomura's Laser Digital Holdings Reduces Crypto Exposure Amid Market Volatility

Nomura Holdings' European digital asset subsidiary, Laser Digital Holdings, is reducing its exposure to cryptocurrency assets. According to PANews, this decision comes after the company experienced losses in the third quarter due to market fluctuations. Hiroshi Morinouchi, Nomura's Chief Financial Officer, stated during a financial briefing that the firm is implementing strict position management to mitigate risks. Despite these adjustments, Morinouchi emphasized that Nomura remains committed to its digital asset ventures and plans to expand its operations in the medium to long term.