Nomura’s Subsidiary Launches Bitcoin Adoption Fund for Institutional Investors
Summary:
Nomura's digital asset subsidiary, Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors. This inaugural Bitcoin-based fund marks the start of a series of digital adoption investment solutions planned by the company. The Bitcoin Adoption Fund, operating under Cayman Islands regulations, is set to provide long-term Bitcoin exposure for investors. The move comes amid rising discussions around Bitcoin-based investment products from mainstream financial giants.
Laser Digital Asset Management, the digital asset subsidiary of Nomura, Japan's leading investment bank, has unveiled its Bitcoin Adoption Fund targeted at institutional investors. This pioneer Bitcoin-focused fund initiates the rollout of a collection of investment solutions anchored on digital adoption that the company intends to launch. Boasting over $500 billion in assets, Nomura provides institutional investors with brokerage services. Its digital asset branch's new Bitcoin fund will now give investors unambiguous access to Bitcoin.
The fund run by Laser Digital gives a long-only Bitcoin exposure, with the renowned company selecting Komainu as its authorised custody partner. This Bitcoin Fund falls under the Laser Digital Funds Segregated Portfolio Company, which is registered as a mutual fund complying with the regulations of the Cayman Islands Regulatory Authority. Sebastian Gugliet, the head of Laser Digital Asset Management, emphasized that Bitcoin plays a key role in this enduring transformative change and offering investors long-term Bitcoin exposure provides a way of tapping into this macro trend.
While the Bitcoin adoption fund may be a groundbreaking venture by Nomura and Laser Digital, the Japanese investment banking titan has been a key player in the digital asset market for a significant period. The firm initiated its digital asset venture capital arm in September 2022 in order to maintain its leading role in digital innovation. Earlier, in August, Nomura's cryptocurrency unit, Laser Digital, secured a license from Dubai's Virtual Asset Regulatory Authority (VARA) to operate in the country.
The launch of the sole Bitcoin Adoption fund for investors in Japan coincides with a rising trend of debates surrounding Bitcoin-focused investment commodities from regulated, mainstream finance industry leaders. Despite pending decisions on spot Bitcoin ETFs, the United States Securities and Exchange Commission has given the green light to two Bitcoin-based futures ETFs. Canada and Europe are not left out, as they have also approved multiple Bitcoin-centric investment commodities in the last few years.
Published At
9/19/2023 1:09:19 PM
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