Nomura defends crypto strategy as it limits short-term volatility at Laser Digital

The Japanese bank said tighter positions and risk limits at Laser Digital are designed to reduce short-term volatility, not signal a pullback from crypto. What to know : Nomura Holdings said it remains committed to crypto and is tightening risk and position limits at its Laser Digital unit to curb short-term earnings volatility while pursuing longer-term growth. The move follows a third-quarter loss at Laser Digital that contributed to a 9.7% drop in Nomura’s profit after October's flash crash erased more than $19 billion in leveraged crypto positions. Nomura emphasized that Laser Digital’s risk controls worked as intended during recent market turmoil and argued that its weaker quarter reflects inherent crypto volatility rather than any fundamental weakness or loss of faith in digital assets.