Nomura Holdings is considering selling Laser Digital, its Zurich-based crypto business, after losses at the unit pushed its European operation into the red last year, Bloomberg reported Nov. 11.
Bloomberg, citing people familiar with the matter, said Nomura is in talks with potential buyers, including Marex Group, which is evaluating the deal. No final decision has been made, the report said: Nomura could sell to another party or keep the business.
According to a September company announcement, Laser Digital’s activities include trading, asset management, solutions and early-stage investing. The reported talks concern a business that has also been developing institutional lending products on decentralized finance infrastructure—not just trading cryptocurrencies.
Nomura’s January earnings summary documented pressure from digital assets. For the October–December 2025 quarter, the company said its four main business segments performed solidly, but its “other” segment posted a loss because market conditions in the digital-asset business had worsened. That disclosure refers to a segment loss, not a standalone loss figure for Laser Digital.
Onchain Credit Partnerships
In September, Laser Digital and Keyring Network announced plans to develop institutional fixed-income products, initially focused on lending and borrowing markets. Keyring would provide access checks and tools for setting lending risks and designing liquidations, while Laser Digital’s asset-management division would contribute governance standards and portfolio structuring. The companies said the first markets were ready to go live on Euler Finance.
“ Our partnership with Keyring focuses on building solutions to support assets whose behaviour resembles conventional fixed income instruments rather than speculative crypto tokens, while preserving the efficiency benefits of on-chain settlement,” Laser Digital co-founder and CEO Jez Mohideen said in the announcement.
In August, the company also supported ZIGChain’s private-credit push, buying $ZIG tokens and agreeing with $ZIG Markets to structure and oversee risk for a pipeline of onchain credit products.
Those roles are separate from guaranteeing investors’ money. The Keyring announcement explicitly stated that neither Laser Digital nor any Nomura affiliate guaranteed or provided credit support for the contemplated products. The reported sale discussions do not establish any change to those arrangements.
Add A Comment
Comments are closed.