Nomura Reduces Crypto Exposure After Q3 Profit Decline, Cites Market Turbulence

Nomura Reduces Crypto Exposure After Q3 Profit Decline, Cites Market Turbulence Japanese banking giant Nomura will temporarily reduce its exposure to cryptocurrency following a significant drop in profits during the third quarter, the company announced Friday. Chief Financial Officer Hiroyuki Moriuchi stated that Nomura would lower its risk exposure at Laser Digital Holdings, its Switzerland-based…

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Nomura’s Laser Digital Files for U.S. National Trust Bank License to Offer Crypto Custody

Laser Digital, the digital assets division of Japanese investment bank Nomura, has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a federally regulated national trust bank. The move positions the company among a growing number of crypto firms seeking to provide institutional-grade asset management services in the…

Nomura's Laser Digital Files for U.S. National Trust Bank License to Offer Crypto Custody