Japan's largest brokerage Nomura is considering a sale of digital crypto unit Laser.
According to Bloomberg, it is looking at a potential sale of the crypto unit Laser Digital and has held talks with potential buyers, including the Marks Group, which is considering a deal. No final decision has been made, and Nomura may retain the business. Losses at Laser Digital amid volatility in the crypto market pushed Nomuras operations in Europe to a quarterly loss, prompting tighter risk control. Founded in 2022, Lazer Digital provides institutional crypto trading, asset management and venture investment services. The company recently obtained a crypto exchange services license in Japan and received conditional approval for a U.S. National Trust Bank license in May.