Nomura Holdings Inc. is considering the sale of its crypto business, Laser Digital Holdings AG, following significant losses that impacted the firm's European operations. The Zurich-based entity's financial struggles last year dragged down Nomura's entire European division, prompting the exploration of potential exits.
The Japanese securities giant is in discussions with potential buyers, including Marex Group Ltd., which is evaluating the deal. However, no final decision has been reached, and Nomura may choose to sell to another party or retain the business, according to sources familiar with the matter.
The talks remain private, with the involved parties requesting anonymity due to the sensitive nature of the information. This move highlights the challenges faced by traditional financial institutions in the volatile crypto market.