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

Nomura Holdings refuted suggestions of losing confidence in cryptocurrency, stating that tighter position and risk limits implemented at its Laser Digital unit are intended to reduce short-term earnings volatility, allowing focus on longer-term growth strategies. This clarification followed comments from CFO Hiroyuki Moriuchi about stricter management to limit risk exposure following losses at the unit that contributed to a drop in Nomura's fiscal third-quarter profit. The move occurs amid a significant crypto market downturn. Nomura asserted that Laser Digital's risk controls functioned correctly during recent volatility, containing losses, and denied that the changes indicate a loss of faith in the sector, emphasizing that risk-taking remains at 'Trad-Fi institutional grade.'

(Source：CoinDesk)