Laser Digital Asset Management, the digital asset arm of Japan’s largest investment bank Nomura, has launched a Bitcoin Adoption Fund for institutional investors.
The official announcement states that the Bitcoin (BTC)-based fund will be the first in a series of digital adoption investment solutions that the company plans to launch.
Nomura Securities is a Japanese financial giant with assets worth more than $500 billion that provides brokerage services to leading institutional investors. The Bitcoin Fund launched by its digital assets arm will now provide investors with the opportunity to invest directly in Bitcoin.
The Laser Digital Bitcoin Adoption Fund only offers long exposure to Bitcoin. The financial giant selected Komainu as its regulated custody partner. The Bitcoin Fund is part of the Laser Digital Funds Separate Portfolio Company, which is registered as a mutual fund with the Cayman Islands Regulatory Authority.
Sebastien Guglietta, head of Laser Digital Asset Management, said that Bitcoin is one of the drivers of this lasting transformational change, and long-term holding of Bitcoin provides a solution for investors to capture this macro trend.
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The Bitcoin Adoption Fund may be the first of its kind from Nomura and its digital assets arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time. In September 2022, the company established a digital asset venture capital arm to remain at the forefront of digital innovation. In early August this year, Nomura Securities’ cryptocurrency arm Laser Digital also received a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to operate in the country.
The long-term Bitcoin adoption fund aimed at Japanese investors comes amid growing discussion about Bitcoin-based investment products from regulated and mainstream financial giants. The U.S. Securities and Exchange Commission has approved two futures exchange-traded funds (ETFs) based on Bitcoin, although a decision on a spot Bitcoin ETF has been delayed. In addition to the United States, Canada and Europe have also approved a variety of Bitcoin-focused investment products over the past few years.
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