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Nomura’s Laser Digital Introduces Bitcoin Adoption Fund For Institutional Investors

Nomura’s NMR digital asset subsidiary, Laser Digital Asset Management, introduced a Bitcoin BTC/USD Adoption Fund for institutional investors which is first among the numerous digital adoption investment solutions this bank plans to undertake.

Komainu was chosen as its regulated custody partner and was formed from the collaborative efforts of Nomura, Ledger and Coinshares. Nomura is based in Japan.

Also Read: Nomura Sees Broader Market Hurdles To Delay Crypto Unit’s Profitability Levels

The Bitcoin fund is part of a Laser Digital Funds Segregated Portfolio Company that is registered as a mutual fund under the Cayman Islands Regulatory Authority. The new fund will enable institutional players to access cryptocurrencies smoothly while ensuring cost-effective and secure exposure to Bitcoin.

Find out more about traditional banks adopting strategies for Bitcoin adoption! Meet and engage with transformative Fintech business leaders and investors at Benzinga’s exclusive event: Fintech Deal Day. Tickets are going fast: Get yours!

“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,” Laser Digital Asset Management Head Sebastien Guglietta commented.

With this fund, Japan’s rising crypto acceptance is clearly seen. The country introduced a new stablecoin law in June 2022 that led the top bank, MUFG, to sail through stablecoin minting using its blockchain platform Pragmat in June 2023 when the bill officially came into effect.

In early August 2023, Laser Digital was granted an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) for providing virtual asset (VA) broker-dealer services and VA management and investment services.

Read Now: Dubai’s Crypto Licencing Race Heats Up As Nomura’s Laser Digital Gets Green Light

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