Nomura’s Laser Digital Cuts Crypto Exposure After Q3 Loss
Nomura CFO Hiroyuki Moriuchi says European operations reduced virtual currency holdings after market slump, while reaffirming commitment to digital asset development in the long run.
Summary
Nomura Holdings’ CFO Hiroyuki Moriuchi stated that European operations have tightened cryptocurrency risk controls after losses stemming from a downturn in the digital asset market. The firm reduced virtual currency holdings but remains committed to long-term growth in crypto-related business. The adjustments follow a slump that impacted profitability, prompting stricter position and exposure management to mitigate future risks.
Terms & Concepts
- Digital Asset: A blockchain-based digital representation of value, including cryptocurrencies and tokenized financial instruments.
- Crypto Exposure: The level of portfolio or business risk tied to cryptocurrency holdings or positions.