The discussions follow significant losses at Laser Digital amid volatile crypto markets, prompting Nomura’s management to tighten risk controls. The company previously acknowledged substantial fluctuations in crypto earnings after its European operations reported a quarterly loss.

Founded in 2022 and based in Zurich, Laser Digital provides institutional crypto trading, asset management and venture capital investments. The company is part of Nomura’s broader digital asset strategy, alongside tokenization platform Boostry and crypto custody provider Komainu.

Despite the losses, Laser Digital has continued expanding its institutional operations. The company recently secured a crypto exchange license in Japan and received conditional…