Nomura Tightens Crypto Controls Amid Setbacks

Nomura Tightens Crypto Risk Controls Amid European Market Losses

• Nomura Holdings, Japan’s largest investment bank, has increased risk management in its crypto business due to losses in Europe.
• CFO Hiroyuki Moriuchi stated the measures aim to limit short-term earnings volatility while maintaining a long-term commitment to crypto.
• The company’s quarterly profit declined, impacted by European losses and costs from acquiring Macquarie Group.
• Nomura completed a $1.8 billion acquisition of Macquarie Group’s US and European public asset management business.
• Laser Digital, Nomura’s digital asset arm, is seeking approval to operate as a federally chartered bank in the US.

Nomura Holdings has intensified its crypto risk management following setbacks in Europe, impacting quarterly profits despite their ongoing commitment to the sector. The company recently expanded its global asset management through a significant acquisition.