Nomura, Japan's largest wealth manager, has announced a reduction in its cryptocurrency positions following unspecified losses in the third quarter. The firm, which manages approximately $153 trillion in client assets, is scaling back risk at its Europe-based crypto subsidiary, Laser Digital. Despite the cutbacks, Nomura's CFO Hiroyuki Moriuchi affirmed the company's ongoing commitment to digital assets and plans for medium to long-term expansion in the crypto sector. The decision to reduce exposure comes amid recent volatility in crypto markets, impacting even the most bullish Japanese firms. Laser Digital, which was launched in Switzerland in 2022, has recently applied for a national trust bank charter in the United States, aiming to offer crypto custody and trading services across the country. Nomura's strategic adjustments reflect a cautious approach to managing short-term volatility while maintaining a long-term vision for growth in digital asset markets.