Nomura’s digital asset subsidiary, Laser Digital Asset Management, has launched a Bitcoin Adoption Fund for institutional investors. This fund is the first in a series of digital adoption investment solutions that Nomura plans to offer.
Komainu, a regulated custody partner formed by Nomura, Ledger, and Coinshares, has been selected for this fund. Nomura is headquartered in Japan.
The Bitcoin fund is part of a Laser Digital Funds Segregated Portfolio Company registered as a mutual fund under the Cayman Islands Regulatory Authority. It provides institutional players with a smooth and secure way to access cryptocurrencies, specifically Bitcoin.
“Bitcoin is one of the enablers of this long-lasting transformational change, and long-term exposure to Bitcoin offers a solution to investors to capture this macro trend,” commented Sebastien Guglietta, Head of Laser Digital Asset Management.
This fund reflects Japan’s increasing acceptance of cryptocurrencies. In June 2022, the country introduced a new stablecoin law, and in June 2023, the top bank MUFG successfully conducted stablecoin minting using its Pragmat blockchain platform as the law came into effect.
In August 2023, Laser Digital obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) to provide virtual asset broker-dealer services and management and investment services.
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