Key Points:
- Laser Digital, a subsidiary of Nomura Bank, has introduced a pioneering Bitcoin Adoption Fund.
- The fund exclusively provides exposure to Bitcoin through a long-only strategy.
- Security is enhanced through the partnership with Komainu, and the fund operates within a legally recognized mutual fund framework.
Nomura Bank’s subsidiary, Laser Digital, has unveiled a groundbreaking Bitcoin adoption fund in a bid to attract institutional investors, according to a statement released on September 19th. This marks the initial phase of Nomura’s plan to introduce a series of such funds, making digital assets easily accessible to corporate entities and significant investors.
As detailed in the announcement, this fund will exclusively provide exposure to Bitcoin through a long-only strategy. Nomura believes that this strategy will position the fund as one of the most cost-effective and secure investment options available.
To enhance the security of assets, the fund has chosen Komainu, a joint venture established by Nomura, Ledger, and CoinShares in 2018. It’s worth noting that this launch comes only a month after Laser Digital and Komainu obtained operational licenses from authorities in Dubai.
The fund operates within the framework of the Laser Digital Funds Segregated Portfolio Company (SPC), a measure designed to protect 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 role of technology in the economy, with Bitcoin being a significant driver of long-term economic change. He stated:
“Bitcoin is one of the catalysts for this enduring transformative shift, and long-term exposure to Bitcoin provides investors with a means to capture this macro trend.”
Fiona King, Head of Distribution at Laser Digital Asset Management, also expressed her enthusiasm for the launch of the Bitcoin Adoption Fund. King added:
“We are thrilled to introduce our Bitcoin adoption fund, offering institutional investors a secure pathway into digital asset investment supported by the expertise of traditional finance, with the highest standards of risk management and compliance.
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
