Nomura’s Crypto Subsidiary Launches Bitcoin Fund

Nomura’s Crypto Subsidiary Launches Bitcoin Fund

The digital asset subsidiary of Nomura Group, Japan’s largest investment bank and brokerage group, has launched a Bitcoin fund. The fund is the first digital adoption investment solution by Nomura’s subsidiary and will enable institutional investors to access digital assets amid rising demand.

Nomura’s digital assets subsidiary Laser Digital Asset Management launched the Bitcoin Adoption Fund for institutional investors, according to a press release on September 19. The Bitcoin fund shows the scope of crypto adoption in Japan.

The Laser Digital Bitcoin Adoption Fund will help institutional investors get exposure to Bitcoin, while being cost-effective and secure. Laser uses the regulated custody solution Komainu, which was founded in 2018 by Nomura, Ledger, and Coinshares to secure the fund’s assets.

Sebastien Guglietta, head of Laser Digital Asset Management, said:

“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.”

Laser Digital Asset Management’s head Fiona King claims the Bitcoin fund has the highest levels of risk management and compliance. Also, the fund is a segregated portfolio part of Laser Digital Funds SPC, a registered mutual fund.

Also Read: Google Releases Bard AI’s Most Powerful Model Yet

✓ Share:

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!