Japan's largest investment bank, Nomura's digital asset subsidiary Laser Digital Asset Management, has introduced a Bitcoin Adoption Fund specifically for institutional investors. This Bitcoin-based fund will be the first of several digital adoption investment solutions that the firm plans to launch.
Nomura leads the way
Nomura, a financial powerhouse with over $500 billion in assets, is offering brokerage services to prominent institutional investors. With the launch of its Bitcoin fund through its digital asset arm, Nomura is providing investors with direct exposure to the cryptocurrency.
What the fund offers
The Laser Digital Bitcoin Adoption Fund offers long-only exposure to Bitcoin. Nomura has partnered with Komainu as its regulated custody partner. The fund is a part of the Laser Digital Funds Segregated Portfolio Company, which has been registered as a mutual fund in accordance with the Cayman Islands Regulatory Authority.
Embracing transformational change
Head of Laser Digital Asset Management, Sebastien Guglietta, believes that Bitcoin is a catalyst for long-lasting transformational change. He asserts that long-term exposure to Bitcoin presents an opportunity for investors to capitalize on this significant trend.
A continuation of digital asset investments
This Bitcoin Adoption Fund is just the latest in a series of digital asset investments made by Nomura and its digital asset arm. In September 2022, the firm launched a digital asset venture capital arm to stay at the cutting edge of digital innovation. Nomura's crypto arm, Laser Digital, also obtained a license from Dubai's Virtual Asset Regulatory Authority (VARA) in August of this year, enabling it to operate in the country.
A growing trend
The introduction of the long-only Bitcoin Adoption Fund for Japanese investors comes at a time of increasing interest in Bitcoin-based investment products from regulated and mainstream financial giants. While the United States Securities and Exchange Commission has approved two Bitcoin-based futures exchange-traded funds (ETFs), the decision on spot Bitcoin ETFs has been delayed. Over the past couple of years, Canada and Europe have also given approval to several investment products focused on Bitcoin.
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