According to CoinMeta, and as reported by Bloomberg citing sources familiar with the matter, Nomura Holdings of Japan is considering selling its crypto business Laser Digital Holdings AG. The firm has already begun discussions with potential buyers, among which Marex Group is evaluating the possibility of making a takeover. No final decision has been made yet, and Nomura may also choose other buyers or decide to retain the business. Laser Digital was established in 2022 and is headquartered in Zurich, mainly targeting institutional investors. Affected by the volatile crypto market, the company suffered significant losses, which led to quarterly losses for Nomura's European operations. Subsequently, management tightened risk controls. Laser Digital recently obtained a license for crypto asset trading services in Japan and received conditional approval from the National Trust Bank of the United States in May this year. Despite Nomura's consideration of selling the business, Japan is still pushing forward with the listing of cryptocurrencies ETF and the reduction of related investment income tax rates; the first batch of ETF could potentially be launched next year.