Japan-based investment bank Nomura’s digital asset subsidiary Laser Digital launched a pioneering Bitcoin (BTC) adoption fund to entice institutional investors, according to a Sept. 19 statement. This marks the initial step in what promises to be a series of such funds from Nomura, facilitating convenient access to digital assets for corporate entities and significant investors.
As outlined in the announcement, this fund will exclusively offer exposure to Bitcoin in a long-only strategy. Nomura asserts that this approach will position the fund as one of the most economical and secure investment options.
To enhance asset security, the fund opted for Komainu, a joint venture established by Nomura, Ledger, and CoinShares in 2018. Notably, this launch comes just a month after Laser Digital and Komainu secured operational licenses from Dubai authorities.
The fund operates within the Laser Digital Funds Segregated Portfolio Company (SPC) framework, a measure designed to shield investors from unnecessary risks. Laser Digital clarifies that the SPC is a legally recognized mutual fund registered in the Cayman Islands.
Discussing the fund, Sebastien Guglietta, Head of Laser Digital Asset Management, emphasized the transformative power of technology in the economy. He specifically pointed out Bitcoin as a significant driver of long-term economic change. He said:
“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.”
Laser Digital Asset Management’s Head of Distribution, Fiona King also expressed delight at the launch of the Bitcoin Adoption Fund. King added:
“We’re delighted to now launch our Bitcoin adoption fund, which allows institutional investors a secure path into digital asset investment that is backed by established finance, with the highest levels of risk management and compliance.”
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