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Nomura explores sale of crypto unit Laser Digital after losses hit European business

Nomura explores sale of crypto unit Laser Digital after losses hit European business

Japan’s largest brokerage is reportedly in talks with potential buyers including Marex Group, although no final decision has been made.

Nomura Holdings is exploring the sale of its crypto subsidiary Laser Digital Holdings after losses at the business pushed the Japanese brokerage’s European operations into a quarterly deficit, according to a Wednesday report from Bloomberg.

The company has held discussions with potential buyers, including Marex Group, which is evaluating a possible acquisition, Bloomberg reported, citing people familiar with the matter.