Nomura is exploring selling its Swiss-based digital asset subsidiary Laser Digital, according to Bloomberg, citing sources. One of the potential acquirers involved in discussions is Marex Group. Bloomberg referenced overall European Nomura losses last year, with Laser Digital as a key factor.
We reported in February on Nomura discussing losses incurred by Laser Digital in October and November 2025. Losses in its European division and the segment that includes Laser have persisted for three subsequent quarters (see below) but have not been attributed to Laser during earnings calls.
Part of the losses may relate to new activities. For example, the Laser division recently landed a cryptocurrency exchange license in Japan and in May received conditional approval from the US Comptroller for a national trust charter. One of the conditions is that the trust bank maintain a minimum of $10 million in capital.
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