Nomura Holdings announced that its European digital asset subsidiary, Laser Digital Holdings, is reducing its exposure to cryptocurrency assets. This decision follows losses incurred in the third quarter due to market volatility, as stated by Nomura's CFO, Hiroyuki Moriuchi, during an earnings conference. The company is implementing strict position management to mitigate risk. Despite these adjustments, Nomura remains committed to its digital asset business, with plans to expand in the medium to long term. The firm continues to view digital assets as a strategic area for growth, even as it navigates current market challenges.