Nomura Explores Sale of Laser Digital Crypto Unit After European Losses

Nomura Holdings is exploring the sale of Laser Digital Holdings AG, its Zurich-based crypto subsidiary, after losses at the unit last year dragged the Japanese brokerage's entire European operation into the red. Nomura, Japan's largest securities firm, is in talks with potential buyers including Marex Group, which is evaluating the deal, according to people familiar with the matter.

Laser Digital operates across crypto trading, asset management and onchain credit partnerships. The unit had previously been positioned as a core part of Nomura's institutional digital asset ambitions, including a planned crypto trading license application in Japan, making a potential sale a significant strategic reversal for the firm.