Nomura, Japan's largest wealth manager, has scaled back its cryptocurrency holdings following losses in the third quarter through its European subsidiary, Laser Digital. According to NS3.AI, this move aims to mitigate short-term risks. Despite the reduction, Nomura is dedicated to growing its digital asset business over the medium to long term. Laser Digital is actively seeking a U.S. national trust bank charter to provide crypto custody and trading services across the United States.
