Laser Digital’s new asset management arm plotting full crypto suite


19 Sep 2023 8:11 PM

Laser Digital has introduced its first cryptocurrency fund, and intends to launch more products that go beyond bitcoin....

  • The asset management unit of Nomura-backed crypto firm Laser Digital has launched its first cryptocurrency fund, called the Bitcoin Adoption Fund.
  • The fund offers institutional investors long-only investment exposure in Bitcoin and is the first of several "digital adoption investment solutions" that the company plans to introduce.
  • Laser Digital intends to launch funds that exploit alpha and beta from both traditional and digital asset classes.
  • The company has not disclosed specific details about its future products.
  • Laser Digital's asset management unit was formed in February and is registered as a mutual fund under the Cayman Islands Regulatory Authority.
  • The fund has been registered for marketing in Ireland, Luxembourg, and the UK, with additional registrations possible based on investor demand.
  • Sebastien Guglietta, the head of Laser Digital Asset Management, was previously Nomura's chief scientist officer and has experience as a portfolio manager and senior scientist at hedge fund Brevan Howard.
  • Laser Digital gained a full crypto license from Dubai's Virtual Asset Regulatory Authority in July, indicating its plans to develop OTC trading services and a comprehensive range of digital asset investment products and solutions.

The sentiment of the article is generally positive, as it highlights the launch of Laser Digital's first cryptocurrency fund and its plans to introduce more digital adoption investment solutions.

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