Nomura’s Laser Digital Launches Bitcoin Adoption Fund for Institutional Investors
Laser Digital Asset Management, a subsidiary of Nomura, the largest investment bank in Japan, has officially introduced its Bitcoin Adoption Fund. This fund is specifically designed for institutional investors who seek exposure to the rapidly evolving digital assets space.
Registered as a mutual fund with the Cayman Islands Regulatory Authority, the Bitcoin Adoption Fund is part of Laser Digital Funds SPC, a Segregated Portfolio Company. In a press release, Laser Digital stated that this fund is the first in a series of digital adoption investment solutions it plans to offer.
“Technology is a key driver of global economic growth and is transforming a large part of the economy from analog to digital. Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend.” Sebastien Guglietta, Head of Laser Digital Asset Management, said.
The custody services for the fund’s assets will be provided by Nomura’s Komainu, Ledger, and Coinshares, ensuring regulated security measures are in place.
Laser Digital’s Emphasis on Digital Transformation
Laser Digital has been actively involved in digital transformation initiatives. The company launched with a Venture Capital (VC) firm that has made investments in Web3 and DeFi. It recently acquired Elysium Technology Group, which specializes in post-trade solutions for over-the-counter FX markets and digital assets.
Institutional Investors Access Bitcoin Exposure
Laser Digital joins a growing list of investment firms that allow institutional investors to gain exposure to Bitcoin without directly holding cryptocurrencies. While U.S.-based companies await approval for a spot Bitcoin exchange-traded fund (ETF), exchange-traded products have already gained traction in other regions.
Jacobi Asset Management, based in London, recently listed Europe’s first spot Bitcoin ETF on the Euronext Amsterdam stock exchange.
Hot Take: Bitcoin Adoption Fund Opens Doors for Institutional Investors
Nomura’s Laser Digital Asset Management has introduced the Bitcoin Adoption Fund to meet the growing demand among institutional investors for exposure to the digital assets market. With this fund, investors can capture the long-lasting transformational change driven by technology, particularly Bitcoin. By partnering with trusted custody service providers, Laser Digital ensures the security of the fund’s assets. The launch of this fund aligns with Laser Digital’s focus on digital transformation and its commitment to offering innovative investment solutions. As more investment firms provide avenues for institutional investors to access Bitcoin, the global crypto landscape continues to evolve rapidly.
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