Nomura Securities, a Japanese investment bank, disclosed that its crypto asset subsidiary Laser Digital recorded a loss of approximately 10.6 billion yen (about $68 million) in the third quarter of the fiscal year (October to December 2025), mainly due to the sharp fluctuations in the digital asset market in October-November of last year. Nomura's CFO stated that Laser Digital held some long positions during this period and has proactively reduced risk exposure and tightened position management to control short-term performance volatility, but the company still maintains long-term investment and growth expectations for its crypto business.