Laser Digital Asset Management, a subsidiary of the largest Japanese investment bank Nomura, has launched the Bitcoin Adoption Fund.
Nomura Is Launching A Bitcoin Adoption Fund
Laser Digital Asset Management, a subsidiary of the largest Japanese investment bank Nomura, has launched the Bitcoin Adoption Fund, the first in a series of digital adoption investment options. The fund offers "long-only exposure to Bitcoin (BTC)" and is a segment of Laser Digital Funds Segregated Portfolio Company. The aim of the fund is to provide institutional investors with a secure path into digital asset investment. Nomura Holdings is a $500 billion financial giant that provides brokerage, investment banking, and asset management services.
The Bitcoin Adoption Fund is designed to entice institutional investors to invest in Bitcoin. It will allow institutional investors to gain exposure to Bitcoin without having to hold the cryptocurrency directly. The fund is expected to attract a wide range of institutional investors, including pension funds, endowments, and family offices.
Nomura's move to launch a Bitcoin Adoption Fund comes as more institutional investors are showing interest in cryptocurrencies. The fund is expected to capitalize on the growing demand for Bitcoin among institutional investors. The launch of the fund is also seen as a significant step towards the mainstream adoption of cryptocurrencies.
The Bitcoin Adoption Fund is the latest in a series of moves by Nomura to expand its presence in the cryptocurrency market. In 2022, Nomura acquired a stake in a cryptocurrency exchange, and in 2023, it launched a cryptocurrency custody service. The launch of the Bitcoin Adoption Fund is expected to further strengthen Nomura's position in the cryptocurrency market.
Laser Digital has picked Komainu as the fund's regulated custody partner. The Bitcoin Adoption Fund is a mutual fund registered in the Cayman Islands. Nomura has been an active participant in the digital asset ecosystem, establishing a digital asset venture capital arm in 2022 and acquiring a license from Dubai's Virtual Asset Regulatory Authority.
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