Ah, the mighty Nomura Holdings, that grand old Japanese financial giant, has stumbled into a rather sticky wicket, haven’t they? A whopping 10.6 billion yen ($68 million) has vanished into the ether-or should we say, the blockchain?-thanks to their crypto arm, Laser Digital. What a splendid way to lose a small fortune, eh?
The culprit? Well, it’s that mischievous crypto market, of course! The “10/10” crash, a beast so fierce it left even the big boys nursing their wounds. And Nomura, bless their hearts, decided to play with fire by holding “sizable” long positions. Oh, the folly of it all! One moment you’re up, the next you’re down-faster than a child’s mood on a rainy Sunday.
Nomura’s CFO, the ever-so-serious Hiroyuki Moriuchi, admitted as much. “Digital asset market movements,” he said with a sigh, as if the markets were a naughty child refusing to behave. “Upside, downside-quite significant, indeed!” he added, perhaps while clutching his pearls.
The ’10/10′ Fiasco
Being a publicly traded entity, Nomura had no choice but to spill the beans. And spill they did! Analyst Masao Muraki, ever the curious cat, pressed Moriuchi on how a profitable unit could turn into such a financial black hole. “Market disruption,” Moriuchi explained, as if that made it all better. Oh, the drama of it all!
Reining in the Chaos
Despite this little mishap, Nomura insists they’re still head over heels for the digital asset space. “Long-term commitment unchanged!” they declare, though one can’t help but wonder if they’re crossing their fingers behind their backs. But fear not! They’re tightening the reins, reducing risk, and generally trying to avoid another nosedive. “No more wild rides,” they promise, though we all know the crypto market has a mind of its own.
Laser Digital, the star-crossed subsidiary, had been doing rather well-market making, fund management, venture investment, the whole shebang. But Q3 came along and said, “Not so fast!” Proving once again that even the most sophisticated risk management can’t outwit the crypto rollercoaster.
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2026-02-03 11:29