Nomura launches Bitcoin adoption fund for institutional investors
Nomura, Japan’s largest investment bank, announced that its subsidiary Laser Digital Asset Management has introduced a Bitcoin Adoption Fund aimed at providing institutional investors with direct exposure to Bitcoin. Targeting institutional investors, this move is part of a larger plan by Nomura, which is positioning the fund as “the first in a range of digital adoption investment solutions that the firm plans to introduce.” The Bitcoin Adoption Fund offers “long-only exposure to Bitcoin (BTC)” and is a segment of Laser Digital Funds Segregated Portfolio Company. Remarkably, it has been registered as a mutual fund under the Cayman Islands Regulatory Authority. To ensure regulated custody, Nomura has selected Komainu as its partner. Sebastien Guglietta, head of Laser Digital Asset Management, voiced the bank’s long-term perspective, stating, “Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin ...