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Nomura Holdings is exploring a potential sale of its crypto unit Laser Digital and has held talks with prospective buyers, including Marex Group, Bloomberg reported. Marex is evaluating a deal, but Nomura has made no final decision and may retain the business.
Why it matters
Laser Digital's losses during crypto market volatility pushed Nomura's European operations into a quarterly loss, prompting tighter risk controls. Founded in 2022, the unit provides institutional crypto trading, asset management and venture investment services.
Market impact
The review puts the future ownership of an institutional crypto business in focus, though a sale is not assured. Laser Digital recently obtained a crypto exchange services license in Japan and received conditional approval for a US national trust bank charter in May.
Frequently asked questions
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Who is evaluating a potential deal for Laser Digital?
Marex Group is evaluating a deal after talks with Nomura, Bloomberg reported. Nomura has made no final decision and may retain Laser Digital.
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How did Laser Digital's losses affect Nomura?
Losses at Laser Digital during crypto market volatility pushed Nomura's European operations into a quarterly loss and prompted tighter risk controls.
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What services does Laser Digital provide?
Laser Digital provides institutional crypto trading, asset management and venture investment services.
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What regulatory approvals has Laser Digital received?
Laser Digital recently obtained a crypto exchange services license in Japan and received conditional approval for a US national trust bank charter in May.
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When was Laser Digital founded?
Laser Digital was founded in 2022.
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