nomuraJapan’s largest investment bank he scoredthrough Lazer Digital Asset Management, the branch that deals with digital assets, A Bitcoin Adoption Fund for institutional investors.
In the official announcement, the Bitcoin-based fund (Bitcoin) will be the first of a series of investment solutions the company plans to offer for digital adoption.
Nomura is a Japanese financial giant with over $500 billion in assets provides brokerage services to large institutional investors. Bitcoin fund launched by digital arm will offer investors Direct exposure to Bitcoin.
Lazer Digital Bitcoin Adoption Fund offers long-only exposure to Bitcoin. The financial giant chose Komainu as partner on regulated custody. The Bitcoin Fund is part of the Laser Digital Funds Segregated Portfolio Company, which is registered as an investment fund under the Securities Regulatory Authority. Cayman Islands.
Sebastien GugliettaPresident of Laser Digital Asset Management stated that Bitcoin is one of the driving forces of this long-term change and said: Long-term exposure to Bitcoin offers investors a way to capture this macro trend.
The Bitcoin Adoption Fund may be the first of its kind launched by Nomura and its digital assets division, but the Japanese investment banking giant has been investing in the digital asset ecosystem for some time. In September 2022, company launches venture capital department For digital assets to be at the forefront of digital innovation. In August this year, Nomura’s crypto arm, Laser Digitalhe took it too License obtained from Dubai Virtual Asset Regulatory Authority (VARA) operating in the country.
The long-only Bitcoin Adoption Fund for investors in Japan comes amid growing controversy over Bitcoin-based investment products from regulated and mainstream financial giants. The U.S. Securities and Exchange Commission has approved two exchange-traded funds (ETFs) based on Bitcoin futures, but a decision on spot Bitcoin ETFs has been delayed. In the last two years, as well as in the USA Canada and Europe have approved several investment vehicles focused on Bitcoin.