Nomura explores sale of crypto unit Laser Digital
In short
Nomura is looking at selling its crypto unit Laser Digital, Bloomberg reported. The move comes after Nomura’s European operations posted a fourth straight quarterly loss.
The report suggests the unit could be part of a broader pullback from weaker overseas business, but no buyer or sale price was given.
What the reporting says
Nomura is exploring a sale of its crypto unit Laser Digital, Bloomberg reported. The move follows a fourth straight quarterly loss for Nomura’s European operations, according to a Cointelegraph summary. The report frames the possible sale as part of pressure on the Japanese group’s overseas business.
Why it matters
The report links the possible divestment to pressure on the group’s Europe business.