Japanese financial giant Nomura is reportedly in talks to sell its cryptocurrency division, Laser Digital, as it grapples with significant losses in its European operations. Bloomberg has indicated that Marex Group is among the potential buyers for Laser Digital.

This move comes as Nomura has recorded four consecutive quarters of losses in Europe, with pre-tax losses totaling $46.3 million for the period from July to September. The specific impact of Laser Digital on these losses has not been disclosed, and no final decision regarding the sale has been reached yet.