Nomura Weighs Sale of Crypto Subsidiary Laser Digital

Nomura Holdings is considering selling its cryptocurrency subsidiary Laser Digital, with Marex Group among potential buyers, according to a report citing people familiar with the discussions. No final decision has been made, and Nomura could sell to another buyer or retain the business.

Founded in 2022 and based in Zurich, Laser Digital provides institutional cryptocurrency trading and asset management, as well as venture investment services. The potential sale follows losses at the subsidiary amid volatile crypto markets, which prompted Nomura to tighten risk controls. The reported discussions do not establish whether Laser Digital was responsible for any particular share of Nomura’s European losses.

Nomura’s European operations recorded a pretax loss of 7.4 billion yen for the quarter ended September 30, 2026, their fourth consecutive quarterly loss, according to one report. Nomura did not disclose whether Laser Digital contributed to that result. The regional loss provides context for the sale discussions but does not identify their specific cause.

The possible sale comes as Laser Digital has continued pursuing expansion. Laser Digital Japan registered in August as a...