Nomura weighs sale of crypto unit Laser Digital amid selective pullback

Nomura Holdings, Japan’s largest investment bank, is exploring a sale of its cryptocurrency subsidiary Laser Digital, according to the financial industry on Nov. 12. Nomura is in early talks with potential buyers including UK-based financial brokerage Marex over the sale of its stake in Laser Digital. The discussions remain preliminary, and there is no certainty a deal will be reached. Internal restructuring or retaining the business unit also remain possible. The review comes amid weaker performance. Laser Digital posted a steep loss last year as the market downturn and lower trading revenue weighed on results, becoming a major factor behind Nomura’s broader European unit slipping into the red.