🇯🇵 Nomura, Japan's investment banking giant, tightens cryptocurrency risk controls due to losses in European operations
Japan's largest investment bank and securities company, Nomura Holdings, is strengthening its risk management for its cryptocurrency business. Previously, the company's quarterly performance was under pressure due to fluctuations in the digital asset market and losses in its European division. 📉
Key points:
🔹 Strengthening risk control: CFO Hiroyuki Moriuchi stated in a conference call that the new measures aim to reduce the impact of cryptocurrency market volatility on short-term profits.
🔹 Long-term optimism: Although it has reduced some digital assets, Nomura reiterated that its long-term development strategy for the cryptocurrency industry remains unchanged.
🔹 Global expansion: Its digital asset subsidiary, Laser Digital, is still actively applying for a U.S. federal banking license. At the same time, Nomura is expanding its global asset management footprint by acquiring part of Macquarie Group's business for $1.8 billion.
This move by Nomura Securities sends a clear signal: traditional financial giants (TradFi) have not exited the market, but compliance and risk control will become essential lessons for institutions entering in the next phase. 🛡️