Nomura Adjusts Crypto Strategy Amid Market Volatility
In response to losses in Q3 amid heightened global market volatility, Japanese financial giant Nomura has reduced its crypto holdings. The move aims to minimize short-term risks and optimize capital allocation.
Nomura CFO Hirohisa Moruchi stated the firm is reducing its risk exposure to Laser Digital, its European crypto subsidiary, to better navigate current market conditions.
Long-Term Vision Remains Strong
Despite these short-term adjustments, Nomura reaffirmed its commitment to the digital asset space. The company views blockchain and crypto assets as crucial components of the future financial ecosystem and plans to expand its offerings in the medium to long term.
Laser Digital Eyes U.S. Expansion
Laser Digital has recently applied for a federal bank charter in the U.S., aiming to offer crypto custody and spot trading services to American clients.
Since its launch in Switzerland in September 2022, Laser Digital has focused on crypto trading and venture investments, initially targeting profitability by 2024. Its move into the U.S. market marks a significant step in its global growth strategy.