Japanese securities group Nomura is weighing a sale of Laser Digital, its Zurich-based digital asset arm, after losses at the subsidiary pushed Nomura's European business into the red for four straight quarters.

Nomura is reportedly in talks with potential buyers, including Marex Group, which is evaluating a deal. No final decision has been made: the group could sell to Marex or another buyer, or keep the unit.

Founded in 2022, Laser Digital provides institutional trading and asset management and invests in crypto startups. Nomura cut its risk-taking in January after crypto losses in October and November 2025.

The review comes as the unit keeps expanding. Its proposed US trust bank received preliminary conditional approval from the OCC in May, and Laser Digital Japan registered as a crypto-asset exchange service provider in August.