Nomura Reduces Crypto Exposure Amid Q3 Losses, Maintains Long-Term Commitment
Japan's Nomura Holdings, the nation's largest investment bank, is scaling back cryptocurrency investments following undisclosed third-quarter losses at its digital asset subsidiary Laser Digital. CFO Hiroyuki Moriuchi confirmed the risk reduction while emphasizing Nomura's unchanged commitment to crypto. "The firm aims to grow its crypto-related business operations over the medium to long term," Moriuchi stated, framing the pullback as tactical rather than strategic.
Nomura's MOVE contrasts with broader Japanese institutional interest in crypto, where firms continue deploying capital despite market volatility. The bank remains Japan's dominant wealth manager with $153 trillion in client assets, suggesting its crypto recalibration stems from portfolio management rather than sector abandonment.
