Global Investment Bank Nomura Launches Institutional Bitcoin Fund – Adoption on the Rise?

Crypto News
Crypto News

19 Sep 2023 3:08 PM

Japan's largest investment bank, Nomura, unveiled its Bitcoin Adoption Fund through its crypto subsidiary, Laser Digital....

  • Nomura, Japan's largest investment bank, has unveiled its Bitcoin Adoption Fund through its crypto subsidiary, Laser Digital.
  • The fund aims to create a straightforward and efficient gateway for institutional investors to enter the digital asset space.
  • Laser Digital will use Koimanu, established by Nomura, Ledger, and Coinshares, to custody the fund's assets.
  • Laser Digital and Komainu have obtained operating licenses from Dubai's Virtual Asset Regulatory Authority (VARA) to offer digital asset trading services and investment products.
  • Sebastian Guglietta, Head of Laser Digital Asset Management, believes Bitcoin offers a solution for investors to capture the macro trend of digital transformation.
  • Fiona King, leading Laser's distribution efforts, highlights the fund's secure path into digital asset investment with risk management and compliance.
  • Nomura's institutional Bitcoin fund reflects the growing acceptance of Bitcoin in the traditional financial sector and the increasing integration of cryptocurrencies into the global investment landscape.

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You May Ask

What is the primary goal of Nomura's Bitcoin Adoption Fund?Which entity will custody the fund's assets?What operating licenses have Laser Digital and Komainu obtained?Who is leading the initiative as the Head of Laser Digital Asset Management?What does Fiona King highlight about the fund's offering to institutional investors?

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