Nomura, Japan’s leading investment bank with assets exceeding $500 billion, has initiated its Bitcoin Adoption Fund for institutional clientele through its digital asset branch, Laser Digital Asset Management.
This Bitcoin-based fund marks the beginning of various digital adoption investment tools the corporation intends to roll out. It provides institutional investors with an opportunity to directly invest in Bitcoin.
Specifics of the fund:
It’s a part of the Laser Digital Funds Segregated Portfolio Company, registered as a mutual fund in line with the Cayman Islands Regulatory Authority.
The fund offers a strict long-only investment stance on Bitcoin.
Komainu will be the fund’s regulated custodian.
Sebastien Guglietta, head of Laser Digital Asset Management, emphasized Bitcoin’s transformative potential and highlighted the fund’s intent to offer investors a long-term strategy to capitalize on this significant macro trend.
Although the Bitcoin Adoption Fund is a recent initiative, Nomura has long shown interest in the digital asset sector. Notably, in September 2022, they inaugurated their digital asset venture capital division. Furthermore, in August of the current year, Laser Digital obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to conduct operations in the UAE.
This Bitcoin-focused initiative occurs amidst a larger global conversation about Bitcoin-related investment offerings from mainstream financial institutions. For instance, in the U.S., the Securities and Exchange Commission greenlit two Bitcoin futures exchange-traded funds (ETFs), while delaying decisions on spot Bitcoin ETFs. Both Canada and Europe have also approved several Bitcoin-centric investment products in recent years.
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