Laser Digital, the crypto unit of Nomura, has launched Bitcoin Adoption Fund to provide 'long-only' exposure to institutional investors.
Nomura’s Laser Digital has launched the Bitcoin Adoption Fund as part of its asset management business debut.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Laser Digital, the crypto unit of Japanese banking giant Nomura, has launched its asset management business with a bitcoin fund.
The Bitcoin Adoption Fund provides"long-only" exposure to bitcoin for institutional investors, Laser DigitalTuesday. The fund is part of Laser Digital Funds SPC — which is registered as a mutual fund with the Cayman Islands Regulatory Authority. Laser Digital will use Komainu, which Nomura co-founded in 2018 with Ledger and CoinShares, to custody the fund's assets. Laser Digital said the Bitcoin Adoption Fund is the first in a range of crypto investment products the firm will launch.
The fund launched as bitcoin rose above $27,000 earlier this week for the first time since August. The world's first and largest cryptocurrency has traded rangebound in the last few months.Laser Digital's asset management business is led by Sebastian Guglietta, previously Nomura’s chief scientist officer. Before that, he was a portfolio manager and senior scientist at Brevan Howard.
“Technology is a key driver of global economic growth and is transforming a large part of the economy from analogue to digital. 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," Guglietta said of the fund.
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