Nomura Temporarily Trims Crypto Exposure After Q3 Profit Slump
Japan's Nomura Holdings is scaling back cryptocurrency trading positions following a 10% drop in net income for the December quarter. The pullback comes after losses at its Laser Digital Europe crypto unit dented earnings, prompting tighter risk controls.
Management emphasized the MOVE as a temporary adjustment rather than a strategic retreat, with Laser Digital simultaneously pursuing international expansion. The division recently filed for a US national trust charter and continues developing institutional crypto products.
The bank's digital asset division remains operational, suggesting Nomura views this as a tactical risk management exercise amid market volatility rather than a departure from its blockchain ambitions.