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Strain localization during plastic deformation drastically reduces the shear band stability in metallic glasses, ultimately leading to catastrophic failure. Therefore, improving the plasticity of metallic glasses has been a long-standing goal for several decades. In this regard, nanoglass, a novel type of metallic glass, has been proposed to exhibit differences in short and medium range order at the interfacial regions, which could promote the formation of shear transformation zones. In the present work, by introducing heterogeneities at the nanoscale, both crystalline and amorphous, significant improvements in plasticity are realized in micro-compression tests. Both amorphous and crystalline dispersions resulted in smaller strain bursts during plastic deformation. The yield strength is found to increase significantly in Cu–Zr nanoglasses compared to the corresponding conventional metallic glasses. The reasons for the mechanical behavior and the importance of nanoscale dispersions to tailor the properties is discussed in detail.