Nomura's digital asset subsidiary, Laser Digital Asset Management, has recently unveiled the Bitcoin Adoption Fund tailored for institutional investors. This announcement marks the introduction of the first of many digital adoption investment solutions the firm intends to roll out.
Nomura, a Japanese financial powerhouse boasting assets exceeding $500 billion, primarily serves prominent institutional investors through its brokerage services. With its digital asset arm launching this Bitcoin-based fund, it's providing investors with direct access to the world of Bitcoin.
The Laser Digital Bitcoin Adoption Fund is designed to offer investors a long-term exposure to Bitcoin's potential. Nomura has opted for Komainu as its trusted and regulated custodian partner for the fund. This Bitcoin Fund is a component of the Laser Digital Funds Segregated Portfolio Company, which has gained registration as a mutual fund under the supervision of the Cayman Islands Regulatory Authority.
Sebastien Guglietta, the head of Laser Digital Asset Management, emphasized that Bitcoin stands as a catalyst for profound, enduring transformation in the financial landscape. Long-term Bitcoin exposure presents a compelling solution for investors seeking to capture the broader macro trend.
While the Bitcoin Adoption Fund marks a significant milestone as Nomura's digital asset arm's first endeavour of its kind, the Japanese investment banking powerhouse has been actively involved in the digital asset ecosystem for some time. As far back as September 2022, the firm established its digital asset venture capital division to position itself at the forefront of digital innovation. Furthermore, in August of the same year, Nomura's crypto subsidiary, Laser Digital, secured the coveted license from Dubai's Virtual Asset Regulatory Authority (VARA), enabling its operations in the region.
This launch of the long-only Bitcoin Adoption Fund tailored for Japanese investors coincides with an ongoing discourse surrounding Bitcoin-based investment products, especially from established and regulated financial giants. The United States Securities and Exchange Commission (SEC) approved two Bitcoin-based futures exchange-traded funds (ETFs), even though decisions regarding spot Bitcoin ETFs have been delayed. Beyond the U.S., Canada and Europe have also witnessed the approval of numerous Bitcoin-focused investment products in recent years.
Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank (2023) Cointelegraph. Available at: https://cointelegraph.com/news/bitcoin-coin-adoption-fund-launched-japan-nomura-bank (Accessed: 20 September 2023).