Nomura is exploring the sale of Laser Digital, its crypto subsidiary launched in Zurich in 2022, following significant losses in its institutional trading business. The crash of October 10, 2025 triggered the liquidation of more than $19 billion in leveraged positions and contributed to a 9.7% decline in Nomura’s net profit, which fell to $584 million in the quarter ended in December. The group is discussing the sale with several potential buyers, including broker Marex, while retaining the option of keeping the subsidiary. A transaction would primarily involve the trading business, the operation most exposed to Bitcoin price movements, while Laser Digital remains registered in Japan, regulated in Dubai and expanding in the United States and Saudi Arabia.
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