Japan’s biggest wealth manager reduces crypto positions after Q3 losses – DL News
- Nomura to cut risk at European crypto subsidiary Laser Digital.
- Firm says it’s still committed to crypto.
- Laser Digital recently applied for US operating permit.
Nomura, a Japanese brokerage with around $153 trillion in client assets, says it has “reduced its positions in cryptocurrencies” after its crypto arm suffered unspecified losses in the third quarter.
The firm confirmed that it is reducing risk at its Europe-based crypto subsidiary Laser Digital, which handles its cryptocurrency trading operations. The comments came from Nomura’s chief financial officer Hiroyuki Moriuchi, according to Bloomberg Japan.
Nomura’s “commitment to digital asset-related businesses remains unchanged,” Moriuchi said. He added that the firm hopes…
