[Nomura Securities Reduces Cryptocurrency Holdings Due to Q3 Losses, But Emphasizes Long-Term Commitment Remains Unchanged] According to a report by Jinse Finance, Japan's Nomura Securities, which manages approximately 153 trillion yen in client assets, has reduced its cryptocurrency holdings following losses in the third quarter. The company's Chief Financial Officer, Hiroyuki Morinouchi, stated that they are lowering the risk exposure of their European crypto subsidiary, Laser Digital, to curb short-term profit fluctuations. Nevertheless, Nomura emphasized that its commitment to digital asset-related businesses remains unchanged and aims to expand its crypto business in the medium to long term. Laser Digital has recently applied for a U.S. federal chartered bank license, planning to provide crypto custody and spot trading services to U.S. businesses and residents. Nomura established Laser Digital in Switzerland in September 2022, focusing on cryptocurrency trading and venture capital, with an initial goal of achieving profitability by 2024.